CME Group (NASDAQ:CME) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of CME Group (NASDAQ:CME) from a hold rating to a buy rating in a research report released on Friday, BidAskClub reports.

CME has been the subject of several other research reports. UBS Group boosted their price target on shares of CME Group from $190.00 to $194.00 and gave the company a neutral rating in a report on Wednesday, July 3rd. Barclays upped their target price on shares of CME Group from $191.00 to $197.00 and gave the stock an overweight rating in a research note on Thursday, May 23rd. Citigroup set a $202.00 target price on shares of CME Group and gave the stock a buy rating in a research note on Thursday, May 2nd. Wells Fargo & Co upped their target price on shares of CME Group from $176.00 to $200.00 and gave the stock a market perform rating in a research note on Wednesday, July 3rd. Finally, Rosenblatt Securities lowered shares of CME Group from a neutral rating to a sell rating in a research note on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. CME Group currently has an average rating of Hold and an average price target of $194.00.

Shares of CME Group stock traded down $1.62 on Friday, hitting $214.11. 62,969 shares of the company’s stock traded hands, compared to its average volume of 1,366,583. The firm has a 50-day moving average price of $202.16. The company has a market cap of $77.02 billion, a PE ratio of 31.39, a PEG ratio of 4.71 and a beta of 0.23. CME Group has a one year low of $161.05 and a one year high of $216.73. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.15.



CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. Research analysts expect that CME Group will post 6.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 10th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. CME Group’s payout ratio is 43.99%.

In other CME Group news, Director Timothy S. Bitsberger sold 700 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $194.35, for a total value of $136,045.00. Following the transaction, the director now directly owns 9,421 shares of the company’s stock, valued at approximately $1,830,971.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kathleen M. Cronin sold 4,960 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $186.69, for a total transaction of $925,982.40. Following the completion of the transaction, the insider now directly owns 49,337 shares in the company, valued at $9,210,724.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,863 shares of company stock worth $16,110,535. 1.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Independent Advisor Alliance grew its position in shares of CME Group by 5.9% during the 1st quarter. Independent Advisor Alliance now owns 1,947 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 108 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in shares of CME Group by 4.1% during the 1st quarter. Jackson Hole Capital Partners LLC now owns 1,986 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 79 shares in the last quarter. KC Investment Advisors LLC grew its position in shares of CME Group by 9.0% during the 1st quarter. KC Investment Advisors LLC now owns 2,898 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 240 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of CME Group by 609.0% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 122,785 shares of the financial services provider’s stock worth $20,208,000 after purchasing an additional 105,468 shares in the last quarter. Finally, State Treasurer State of Michigan grew its position in shares of CME Group by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 103,077 shares of the financial services provider’s stock worth $16,964,000 after purchasing an additional 600 shares in the last quarter. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Bid-Ask Spread

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.