CME Group Inc. (CME) Coverage Initiated at Barclays PLC
Equities research analysts at Barclays PLC started coverage on shares of CME Group Inc. (NASDAQ:CME) in a report issued on Friday, Marketbeat reports. The brokerage set an “overweight” rating and a $139.00 price target on the financial services provider’s stock. Barclays PLC’s price objective suggests a potential upside of 8.56% from the company’s current price.
A number of other equities analysts also recently commented on CME. UBS AG reiterated a “buy” rating and set a $134.00 price objective (down previously from $136.00) on shares of CME Group in a research report on Monday, June 5th. BidaskClub upgraded CME Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $127.00 target price on shares of CME Group in a research report on Friday, August 18th. Royal Bank Of Canada set a $135.00 target price on CME Group and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $128.00 target price on shares of CME Group in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $132.56.
Shares of CME Group (NASDAQ CME) traded up 1.83% during mid-day trading on Friday, hitting $128.04. The stock had a trading volume of 1,034,854 shares. The firm has a 50 day moving average of $124.85 and a 200-day moving average of $121.77. CME Group has a one year low of $98.95 and a one year high of $129.31. The stock has a market cap of $43.52 billion, a P/E ratio of 26.14 and a beta of 0.72.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $925 million for the quarter, compared to analyst estimates of $931.05 million. CME Group had a return on equity of 7.61% and a net margin of 46.05%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. Equities research analysts expect that CME Group will post $4.81 earnings per share for the current fiscal year.
In other news, Chairman Terrence A. Duffy sold 21,815 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $123.89, for a total transaction of $2,702,660.35. Following the completion of the transaction, the chairman now directly owns 110,711 shares of the company’s stock, valued at approximately $13,715,985.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hilda Harris Piell sold 714 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $129.00, for a total value of $92,106.00. Following the transaction, the insider now directly owns 28,844 shares of the company’s stock, valued at $3,720,876. The disclosure for this sale can be found here. Insiders have sold a total of 68,134 shares of company stock valued at $8,531,537 over the last three months. 0.57% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its position in shares of CME Group by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,309 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 9 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of CME Group by 0.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 2,937 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 13 shares in the last quarter. Pitcairn Co. boosted its position in shares of CME Group by 0.4% during the 1st quarter. Pitcairn Co. now owns 3,247 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 14 shares in the last quarter. Buffington Mohr McNeal boosted its position in shares of CME Group by 0.3% during the 1st quarter. Buffington Mohr McNeal now owns 4,795 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 15 shares in the last quarter. Finally, Summit Asset Management LLC boosted its position in shares of CME Group by 0.5% during the 1st quarter. Summit Asset Management LLC now owns 3,016 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 16 shares in the last quarter. 82.66% of the stock is owned by institutional investors and hedge funds.
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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