Citigroup Reiterates “$202.00” Price Target for CME Group (CME)

Share on StockTwits

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.

CME Group (NASDAQ:CME) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. CME Group had a net margin of 45.53% and a return on equity of 9.85%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $1.86 earnings per share. As a group, analysts anticipate that CME Group will post 6.81 EPS for the current fiscal year.

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.

Featured Article: Consumer Price Index (CPI)

Analyst Recommendations for CME Group (NASDAQ:CME)

Receive News & Ratings for CME Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CME Group and related companies with MarketBeat.com's FREE daily email newsletter.