CME Group Inc (NASDAQ:CME) CFO Sells $503,250.00 in Stock

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CME Group Inc (NASDAQ:CME) CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $201.30, for a total transaction of $503,250.00. Following the sale, the chief financial officer now directly owns 32,854 shares in the company, valued at $6,613,510.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CME opened at $207.47 on Friday. CME Group Inc has a one year low of $158.35 and a one year high of $207.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50 day moving average is $197.03. The company has a market capitalization of $73.69 billion, a PE ratio of 30.42, a P/E/G ratio of 4.67 and a beta of 0.23.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.02. CME Group had a net margin of 42.47% and a return on equity of 9.29%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. CME Group’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that CME Group Inc will post 6.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, June 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. CME Group’s dividend payout ratio (DPR) is currently 43.99%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. grew its stake in shares of CME Group by 83.1% during the first quarter. Dubuque Bank & Trust Co. now owns 152 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Resources Investment Advisors Inc. lifted its holdings in CME Group by 2,800.0% in the fourth quarter. Resources Investment Advisors Inc. now owns 145 shares of the financial services provider’s stock valued at $27,000 after buying an additional 140 shares during the period. Truvestments Capital LLC acquired a new position in CME Group in the first quarter valued at approximately $32,000. Close Asset Management Ltd acquired a new position in CME Group in the first quarter valued at approximately $34,000. Finally, Capital Financial Planning LLC acquired a new position in CME Group in the fourth quarter valued at approximately $40,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on CME shares. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. UBS Group set a €23.50 ($27.33) price objective on shares of Infineon Technologies and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Rosenblatt Securities cut shares of CME Group from a “neutral” rating to a “sell” rating in a research note on Thursday, April 18th. Wells Fargo & Co upped their price objective on shares of WisdomTree International Dividend Ex-Financials Fund from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Finally, Barclays reaffirmed a “sell” rating on shares of Royal Bank of Canada in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. CME Group has an average rating of “Hold” and an average target price of $192.14.

CME Group Company Profile

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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