CME Group Inc. (NASDAQ:CME) had its target price raised by research analysts at Royal Bank Of Canada from $135.00 to $147.00 in a report released on Monday. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 7.06% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Barclays PLC increased their price target on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Wells Fargo & Company increased their price target on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $133.00 price target on shares of CME Group in a research report on Thursday, September 21st. Finally, UBS AG reiterated a “buy” rating and set a $135.00 price target (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $137.22.

CME Group (NASDAQ:CME) opened at 137.31 on Monday. CME Group has a 52 week low of $98.95 and a 52 week high of $138.49. The stock has a market capitalization of $46.67 billion, a P/E ratio of 28.03 and a beta of 0.73. The firm has a 50 day moving average price of $132.46 and a 200 day moving average price of $123.94.

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

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In other CME Group news, insider Hilda Harris Piell sold 1,350 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $138.00, for a total transaction of $186,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John W. Pietrowicz sold 2,500 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $136.83, for a total value of $342,075.00. The disclosure for this sale can be found here. Insiders sold a total of 49,594 shares of company stock valued at $6,239,015 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Beacon Capital Management bought a new position in CME Group during the 4th quarter valued at $0. Huntington National Bank boosted its stake in CME Group by 4.7% during the 1st quarter. Huntington National Bank now owns 851 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 38 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in CME Group by 5.9% during the 4th quarter. Johnson Financial Group Inc. now owns 899 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 50 shares in the last quarter. Fiduciary Trust Co. bought a new position in CME Group during the 2nd quarter valued at $105,000. Finally, Coconut Grove Bank boosted its stake in CME Group by 95.7% during the 1st quarter. Coconut Grove Bank now owns 900 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 440 shares in the last quarter. 82.62% of the stock is owned by hedge funds and other institutional investors.

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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