CME Group Inc (CME) Announces Quarterly Dividend of $0.66
CME Group Inc (NASDAQ:CME) declared a quarterly dividend on Tuesday, May 23rd. Stockholders of record on Friday, June 9th will be given a dividend of 0.66 per share by the financial services provider on Monday, June 26th. This represents a $2.64 annualized dividend and a dividend yield of 2.23%.
CME Group (NASDAQ:CME) traded up 1.10% on Tuesday, hitting $118.20. The stock had a trading volume of 1,026,071 shares. The stock’s 50 day moving average is $117.37 and its 200 day moving average is $118.39. CME Group has a one year low of $92.29 and a one year high of $127.60. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 25.58 and a beta of 0.88.
CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $929 million for the quarter, compared to analyst estimates of $932.06 million. CME Group had a return on equity of 7.28% and a net margin of 42.67%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. Analysts anticipate that CME Group will post $4.88 earnings per share for the current year.
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In other news, insider Julie Winkler sold 5,888 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $122.53, for a total value of $721,456.64. Following the transaction, the insider now directly owns 14,095 shares in the company, valued at approximately $1,727,060.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis Suskind sold 1,099 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $115.29, for a total value of $126,703.71. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $576,450. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,030 shares of company stock worth $1,581,964. Company insiders own 0.61% of the company’s stock.
CME has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered CME Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 31st. Zacks Investment Research lowered CME Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $128.00 price objective on shares of CME Group in a research note on Saturday, March 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $134.00 price target on shares of CME Group in a research note on Thursday, March 30th. Finally, Deutsche Bank AG decreased their price target on CME Group from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $114.33.
CME Group Company Profile
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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