Citigroup set a $202.00 price objective on CME Group (NASDAQ:CME) in a research note published on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other analysts have also recently weighed in on the stock. UBS Group decreased their target price on shares of CME Group from $179.00 to $175.00 and set a neutral rating on the stock in a research note on Thursday. BidaskClub cut shares of CME Group from a hold rating to a sell rating in a research note on Thursday, April 25th. Rosenblatt Securities cut shares of CME Group from a neutral rating to a sell rating in a research note on Thursday, April 18th. Zacks Investment Research raised shares of CME Group from a sell rating to a hold rating in a research note on Wednesday, April 17th. Finally, Bank of America set a $180.00 price objective on shares of CME Group and gave the stock a hold rating in a research note on Tuesday, April 9th. 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 stock. CME Group currently has a consensus rating of Hold and an average price target of $189.71.
NASDAQ:CME traded up $1.11 during mid-day trading on Thursday, reaching $173.91. The stock had a trading volume of 1,716,868 shares, compared to its average volume of 1,820,306. The stock has a market capitalization of $64.01 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 3.65 and a beta of 0.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.01 and a quick ratio of 1.01. CME Group has a 12 month low of $155.75 and a 12 month high of $197.08.
In related news, CFO John W. Pietrowicz sold 2,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $168.27, for a total value of $420,675.00. Following the transaction, the chief financial officer now owns 35,354 shares in the company, valued at $5,949,017.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ronald A. Pankau sold 200 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $182.90, for a total transaction of $36,580.00. Following the completion of the transaction, the director now owns 3,600 shares in the company, valued at approximately $658,440. The disclosure for this sale can be found here. In the last three months, insiders sold 28,489 shares of company stock worth $4,948,996. 1.20% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in CME. Acadian Asset Management LLC raised its holdings in shares of CME Group by 591.0% during the fourth quarter. Acadian Asset Management LLC now owns 3,676 shares of the financial services provider’s stock valued at $691,000 after purchasing an additional 3,144 shares during the period. Norges Bank bought a new stake in shares of CME Group during the fourth quarter worth about $597,417,000. Thrivent Financial for Lutherans increased its position in shares of CME Group by 8.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,815 shares of the financial services provider’s stock worth $2,975,000 after acquiring an additional 1,194 shares in the last quarter. First United Bank Trust increased its position in shares of CME Group by 2.5% during the first quarter. First United Bank Trust now owns 7,725 shares of the financial services provider’s stock worth $1,271,000 after acquiring an additional 185 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of CME Group by 49.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 335,039 shares of the financial services provider’s stock worth $63,028,000 after acquiring an additional 111,297 shares in the last quarter. Institutional investors and hedge funds own 84.72% 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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