CME Group Inc. (NASDAQ:CME) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other brokerages also recently commented on CME. Royal Bank Of Canada raised their target price on shares of CME Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, June 20th. Deutsche Bank AG dropped their target price on shares of CME Group from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Barclays PLC assumed coverage on shares of CME Group in a report on Friday, September 8th. They set an “overweight” rating and a $139.00 target price on the stock. UBS AG restated a “buy” rating and set a $135.00 target price (up from $134.00) on shares of CME Group in a report on Wednesday, September 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $127.00 target price on shares of CME Group in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. CME Group presently has a consensus rating of “Buy” and a consensus target price of $132.56.

Shares of CME Group (NASDAQ CME) traded down 0.63% on Wednesday, reaching $131.29. 1,670,615 shares of the company were exchanged. The stock has a market capitalization of $44.63 billion, a P/E ratio of 32.34 and a beta of 0.72. The stock has a 50 day moving average price of $126.18 and a 200-day moving average price of $122.07. CME Group has a 12 month low of $98.95 and a 12 month high of $132.34.

CME Group (NASDAQ:CME) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. On average, equities analysts expect that CME Group will post $4.81 EPS for the current fiscal year.

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In related news, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $124.50, for a total value of $311,250.00. Following the completion of the transaction, the chief financial officer now directly owns 38,495 shares of the company’s stock, valued at $4,792,627.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Martin J. Gepsman sold 200 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $126.14, for a total transaction of $25,228.00. Following the completion of the transaction, the director now directly owns 43,311 shares of the company’s stock, valued at $5,463,249.54. The disclosure for this sale can be found here. Insiders have sold a total of 48,244 shares of company stock valued at $6,021,890 over the last ninety days. Company insiders own 0.57% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CME. BlackRock Inc. grew its stake in shares of CME Group by 2,172.6% in the first quarter. BlackRock Inc. now owns 27,265,611 shares of the financial services provider’s stock valued at $3,239,152,000 after buying an additional 26,065,883 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of CME Group by 13,530.7% in the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock valued at $770,227,000 after buying an additional 6,104,897 shares in the last quarter. Edgewood Management LLC grew its stake in shares of CME Group by 26.4% in the first quarter. Edgewood Management LLC now owns 7,228,349 shares of the financial services provider’s stock valued at $858,728,000 after buying an additional 1,511,753 shares in the last quarter. Fiera Capital Corp grew its stake in shares of CME Group by 243.9% in the second quarter. Fiera Capital Corp now owns 1,926,918 shares of the financial services provider’s stock valued at $241,327,000 after buying an additional 1,366,557 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of CME Group by 25.5% in the second quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock valued at $548,496,000 after buying an additional 889,217 shares in the last quarter. 82.67% 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.

Analyst Recommendations for CME Group (NASDAQ:CME)

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