Berenberg Bank Begins Coverage on CME Group (CME)

Research analysts at Berenberg Bank began coverage on shares of CME Group (NASDAQ:CME) in a research report issued on Thursday, Marketbeat reports. The brokerage set a “hold” rating and a $170.00 price target on the financial services provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 9.56% from the company’s current price.

Several other research firms also recently issued reports on CME. BidaskClub raised CME Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. Barclays lifted their price target on CME Group from $139.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Tuesday, January 2nd. Royal Bank of Canada lifted their price target on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Finally, Wells Fargo & Co lifted their price target on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $146.80.

CME Group (NASDAQ:CME) traded up $0.99 during mid-day trading on Thursday, reaching $155.16. The company’s stock had a trading volume of 1,131,286 shares, compared to its average volume of 1,280,000. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $53,140.00, a price-to-earnings ratio of 35.18, a PEG ratio of 2.07 and a beta of 0.72. CME Group has a 52-week low of $114.82 and a 52-week high of $156.02.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm had revenue of $890.80 million for the quarter, compared to the consensus estimate of $890.22 million. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts expect that CME Group will post 4.75 earnings per share for the current year.

In related news, CFO John W. Pietrowicz sold 7,500 shares of CME Group stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $151.50, for a total transaction of $1,136,250.00. Following the completion of the transaction, the chief financial officer now owns 32,376 shares in the company, valued at $4,904,964. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sunil Cutinho sold 2,600 shares of CME Group stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the transaction, the insider now owns 22,301 shares of the company’s stock, valued at approximately $3,112,550.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,603 shares of company stock worth $6,250,726. 0.57% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of CME. Janus Henderson Group PLC grew its holdings in CME Group by 13,530.7% during the second quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock worth $770,227,000 after purchasing an additional 6,104,897 shares during the period. Capital International Investors boosted its holdings in shares of CME Group by 11.4% during the third quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after acquiring an additional 1,279,058 shares during the period. Atlantic Trust Group LLC boosted its holdings in shares of CME Group by 1,943.2% during the third quarter. Atlantic Trust Group LLC now owns 606,942 shares of the financial services provider’s stock worth $82,349,000 after acquiring an additional 577,237 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of CME Group by 526.4% during the third quarter. Westfield Capital Management Co. LP now owns 565,472 shares of the financial services provider’s stock worth $76,723,000 after acquiring an additional 475,192 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of CME Group by 580.2% during the second quarter. Renaissance Technologies LLC now owns 550,895 shares of the financial services provider’s stock worth $68,994,000 after acquiring an additional 469,900 shares during the period. Institutional investors and hedge funds own 82.82% of the company’s stock.

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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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