Insider Selling: James Pieper Unloads 3,785 Shares of CME Group Stock (CME)
CME Group (NYSE:CME) CAO James Pieper sold 3,785 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.47, for a total transaction of $274,298.95. Following the transaction, the chief accounting officer now directly owns 4,793 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CME shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of CME Group (NYSE:CME) in a research note to investors on Tuesday, September 3rd. They now have a $86.00 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of CME Group (NYSE:CME) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating on the stock. Finally, analysts at Zacks upgraded shares of CME Group (NYSE:CME) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 14th. They now have a $89.00 price target on the stock.
One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $67.25.
Shares of CME Group (NYSE:CME) traded up 0.31% during mid-day trading on Tuesday, hitting $71.95. The stock had a trading volume of 1,491,626 shares. CME Group has a 1-year low of $49.79 and a 1-year high of $79.45. The stock has a 50-day moving average of $72.49 and a 200-day moving average of $68.3. The company has a market cap of $24.053 billion and a price-to-earnings ratio of 25.61.
CME Group (NYSE:CME) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.06. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $798.58 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that CME Group will post $3.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, September 6th.
CME Group Inc (NYSE:CME) offers a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
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