CME Group Inc (NASDAQ:CME) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.75 per share by the financial services provider on Friday, December 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.51%.
Shares of CME traded up $1.64 during trading hours on Wednesday, reaching $198.59. The company’s stock had a trading volume of 976,698 shares, compared to its average volume of 1,522,509. The firm has a market cap of $72.16 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 3.95 and a beta of 0.18. The company has a 50 day moving average of $209.32 and a two-hundred day moving average of $201.25. CME Group has a 1-year low of $161.05 and a 1-year high of $224.91. The company has a quick ratio of 1.05, a current ratio of 1.04 and a debt-to-equity ratio of 0.14.
CME Group (NASDAQ:CME) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.15. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a return on equity of 9.54% and a net margin of 40.93%. The firm’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, analysts forecast that CME Group will post 6.91 EPS for the current fiscal year.
Several brokerages recently commented on CME. Deutsche Bank boosted their price target on CME Group from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Berenberg Bank cut CME Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $236.00 to $227.00 in a research note on Thursday, September 19th. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. Citigroup boosted their price target on CME Group from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Co boosted their price target on CME Group from $200.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $203.36.
In other CME Group news, insider Sean Tully sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $223.13, for a total transaction of $1,606,536.00. Following the completion of the sale, the insider now owns 19,923 shares of the company’s stock, valued at $4,445,418.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Suskind sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $212.46, for a total value of $318,690.00. Following the sale, the director now directly owns 4,853 shares of the company’s stock, valued at approximately $1,031,068.38. The disclosure for this sale can be found here. Insiders have sold 15,136 shares of company stock valued at $3,319,698 in the last ninety days. Company insiders own 1.20% of the company’s stock.
About CME Group
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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