John W. Pietrowicz Sells 5,175 Shares of CME Group Inc. (CME) Stock
CME Group Inc. (NASDAQ:CME) CFO John W. Pietrowicz sold 5,175 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $139.70, for a total transaction of $722,947.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CME Group Inc. (CME) traded up $3.92 during trading on Friday, reaching $140.06. 1,720,387 shares of the company’s stock were exchanged, compared to its average volume of 1,283,620. The stock has a market capitalization of $47.69 billion, a price-to-earnings ratio of 29.35 and a beta of 0.71.
CME Group (NASDAQ:CME) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. The firm had revenue of $890.80 million during the quarter, compared to analyst estimates of $890.22 million. CME Group had a net margin of 40.94% and a return on equity of 7.89%. CME Group’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. sell-side analysts anticipate that CME Group Inc. will post 4.8 EPS for the current year.
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CME has been the subject of several research reports. BidaskClub lowered shares of CME Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $127.00 price target on shares of CME Group in a report on Friday, August 18th. Royal Bank Of Canada set a $135.00 price target on shares of CME Group and gave the company a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $128.00 price target on shares of CME Group in a report on Monday, July 10th. Finally, Citigroup Inc. initiated coverage on shares of CME Group in a report on Wednesday, July 12th. They issued a “buy” rating and a $140.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. CME Group has a consensus rating of “Hold” and a consensus price target of $138.89.
Institutional investors have recently bought and sold shares of the business. Capital Advisors Inc. OK boosted its stake in CME Group by 10.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 84,533 shares of the financial services provider’s stock valued at $10,587,000 after purchasing an additional 8,198 shares during the period. Marvin & Palmer Associates Inc. boosted its stake in CME Group by 100.7% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 57,278 shares of the financial services provider’s stock valued at $7,173,000 after purchasing an additional 28,745 shares during the period. Captrust Financial Advisors acquired a new stake in shares of CME Group in the 2nd quarter worth approximately $693,000. Commerce Bank lifted its stake in shares of CME Group by 3.8% in the 2nd quarter. Commerce Bank now owns 560,899 shares of the financial services provider’s stock worth $70,247,000 after acquiring an additional 20,449 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of CME Group by 1.8% in the 2nd quarter. Principal Financial Group Inc. now owns 488,477 shares of the financial services provider’s stock worth $61,176,000 after acquiring an additional 8,526 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.
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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