Hilda Harris Piell Sells 893 Shares of CME Group Inc. (CME) Stock
CME Group Inc. (NASDAQ:CME) insider Hilda Harris Piell sold 893 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $110.00, for a total transaction of $98,230.00. Following the sale, the insider now owns 29,125 shares in the company, valued at $3,203,750. The sale was disclosed in a filing with the SEC, which is available at this link.
CME Group Inc. (NASDAQ:CME) opened at 108.91 on Thursday. The company’s 50 day moving average is $106.40 and its 200 day moving average is $98.59. The company has a market cap of $36.90 billion, a price-to-earnings ratio of 27.50 and a beta of 0.85. CME Group Inc. has a 12-month low of $81.87 and a 12-month high of $110.35.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, July 28th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. The company earned $906 million during the quarter, compared to analyst estimates of $897.84 million. CME Group had a net margin of 38.22% and a return on equity of 6.83%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. Analysts forecast that CME Group Inc. will post $4.44 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.40 annualized dividend and a yield of 2.20%. CME Group’s dividend payout ratio (DPR) is 60.61%.
CME has been the topic of a number of recent research reports. Credit Agricole SA dropped their price target on shares of CME Group from $100.00 to $95.00 and set an “underperform” rating on the stock in a research note on Thursday, July 14th. Zacks Investment Research upgraded shares of CME Group from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Thursday, August 4th. Jefferies Group upped their price target on shares of CME Group from $112.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Deutsche Bank AG upped their price target on shares of CME Group from $111.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CME Group from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $102.89.
Hedge funds have recently made changes to their positions in the stock. Evercore Wealth Management LLC raised its position in CME Group by 19.5% in the second quarter. Evercore Wealth Management LLC now owns 2,270 shares of the company’s stock worth $221,000 after buying an additional 370 shares during the last quarter. Williams Jones & Associates LLC raised its position in CME Group by 59,083.3% in the second quarter. Williams Jones & Associates LLC now owns 3,551 shares of the company’s stock worth $346,000 after buying an additional 3,545 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in CME Group during the second quarter worth $1,332,000. Kentucky Retirement Systems purchased a new position in CME Group during the second quarter worth $2,805,000. Finally, Mason Street Advisors LLC purchased a new position in CME Group during the second quarter worth $4,443,000. Institutional investors own 80.29% of the company’s stock.
CME Group Company Profile
CME Group Inc is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Company connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.
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