CME Group Inc. (CME) Raised to “Buy” at BidaskClub
CME Group Inc. (NASDAQ:CME) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other research firms also recently issued reports on CME. Royal Bank Of Canada raised their price target on CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 20th. Deutsche Bank AG dropped 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 Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $128.00 price target on shares of CME Group in a research note on Monday, July 10th. Zacks Investment Research downgraded CME Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Citigroup Inc. assumed coverage on CME Group in a research note on Wednesday, July 12th. They set a “buy” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $131.63.
Shares of CME Group (CME) traded up 0.02% during midday trading on Friday, reaching $125.39. The company had a trading volume of 1,048,291 shares. CME Group has a 52-week low of $98.95 and a 52-week high of $127.96. The stock has a market capitalization of $42.62 billion, a PE ratio of 25.60 and a beta of 0.73. The company’s 50 day moving average price is $123.50 and its 200 day moving average price is $121.16.
CME Group (NASDAQ:CME) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The firm had revenue of $925 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts expect that CME Group will post $4.80 earnings per share for the current year.
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In other CME Group news, Director Martin J. Gepsman sold 200 shares of CME Group stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $126.14, for a total value of $25,228.00. Following the transaction, the director now directly owns 43,311 shares in the company, valued at approximately $5,463,249.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sunil Cutinho sold 10,265 shares of CME Group stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $117.85, for a total value of $1,209,730.25. Following the completion of the transaction, the insider now owns 21,690 shares in the company, valued at $2,556,166.50. The disclosure for this sale can be found here. Insiders sold a total of 91,085 shares of company stock worth $11,242,896 over the last quarter. Company insiders own 0.61% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its position in shares of CME Group by 4.7% in the first quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after buying an additional 38 shares during the period. Fiduciary Trust Co. acquired a new stake in CME Group during the second quarter valued at approximately $105,000. Coconut Grove Bank boosted its stake in CME Group by 95.7% in the first quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock valued at $107,000 after buying an additional 440 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in CME Group by 13.6% in the second quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock valued at $111,000 after buying an additional 113 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in CME Group by 12.6% in the first quarter. Whittier Trust Co. now owns 1,030 shares of the financial services provider’s stock valued at $122,000 after buying an additional 115 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.
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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