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.
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.
Recommended Story: What is a Market Correction?
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.