CME Group Inc. (CME) Receives Hold Rating from Keefe, Bruyette & Woods
CME Group Inc. (NASDAQ:CME)‘s stock had its “hold” rating restated by analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $127.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 1.31% from the stock’s current price.
Other research analysts have also issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $134.00 price objective (up from $128.00) on shares of CME Group in a research report on Monday, July 17th. Citigroup Inc. initiated coverage on CME Group in a research report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price objective on the stock. Deutsche Bank AG decreased their price objective on CME Group from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Royal Bank Of Canada set a $130.00 price objective on CME Group and gave the company a “buy” rating in a research report on Monday, June 12th. Finally, UBS AG reiterated a “buy” rating and issued a $134.00 price objective (down from $136.00) on shares of CME Group in a research report on Monday, June 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. CME Group currently has a consensus rating of “Buy” and a consensus price target of $131.63.
CME Group (NASDAQ CME) traded up 0.02% on Friday, reaching $125.39. The company had a trading volume of 1,043,624 shares. The stock has a market cap of $42.62 billion, a price-to-earnings ratio of 25.60 and a beta of 0.73. CME Group has a one year low of $98.95 and a one year high of $127.96. The company has a 50-day moving average of $123.50 and a 200 day moving average of $121.13.
CME Group (NASDAQ:CME) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm had revenue of $925 million during the quarter, compared to analysts’ expectations of $931.05 million. During the same period last year, the firm posted $1.14 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that CME Group will post $4.80 EPS for the current year.
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In related news, President Bryan T. Durkin sold 9,200 shares of CME Group stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $125.13, for a total value of $1,151,196.00. Following the sale, the president now owns 70,938 shares of the company’s stock, valued at $8,876,471.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy S. Bitsberger sold 800 shares of CME Group stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.93, for a total value of $100,744.00. Following the completion of the sale, the director now directly owns 9,024 shares in the company, valued at approximately $1,136,392.32. The disclosure for this sale can be found here. Insiders sold a total of 91,085 shares of company stock worth $11,242,896 in the last three months. Company insiders own 0.61% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new position in CME Group during the second quarter worth approximately $242,000. Advisory Services Network LLC boosted its position in CME Group by 8,266.3% in the second quarter. Advisory Services Network LLC now owns 6,944 shares of the financial services provider’s stock worth $870,000 after buying an additional 6,861 shares during the last quarter. WINTON GROUP Ltd boosted its position in CME Group by 6.4% in the second quarter. WINTON GROUP Ltd now owns 66,331 shares of the financial services provider’s stock worth $8,307,000 after buying an additional 3,983 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in CME Group by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 234,173 shares of the financial services provider’s stock worth $29,328,000 after buying an additional 4,983 shares during the last quarter. Finally, Koch Industries Inc. boosted its position in CME Group by 16,136.1% in the second quarter. Koch Industries Inc. now owns 278,612 shares of the financial services provider’s stock worth $276,000 after buying an additional 276,896 shares during the last quarter. Institutional investors and hedge funds own 83.25% of the company’s stock.
About CME Group
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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