Insider Selling: CME Group COO Sells 25,625 Shares of Stock (CME)
CME Group (NYSE:CME) COO Bryan T. Durkin unloaded 25,625 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $76.75, for a total value of $1,966,718.75. Following the completion of the transaction, the chief operating officer now directly owns 46,930 shares in the company, valued at approximately $3,601,878. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
CME has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CME Group in a research note on Friday, August 1st. They now have a $78.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of CME Group in a research note on Friday, August 1st. They now have a $75.00 price target on the stock, down previously from $76.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of CME Group from $67.50 to $68.00 in a research note on Tuesday, July 8th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CME Group has an average rating of “Hold” and a consensus target price of $77.30.
Shares of CME Group (NYSE:CME) traded up 0.12% during mid-day trading on Thursday, hitting $76.61. 1,169,212 shares of the company’s stock traded hands. CME Group has a 52-week low of $66.44 and a 52-week high of $84.71. The stock has a 50-day moving average of $74.54 and a 200-day moving average of $72.5. The company has a market cap of $25.743 billion and a P/E ratio of 26.75.
CME Group (NYSE:CME) last announced its earnings results on Thursday, July 31st. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.02. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $740.64 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts predict that CME Group will post $3.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, September 8th.
CME Group Inc (NYSE:CME) offer 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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