BidaskClub Lowers CME Group (NASDAQ:CME) to Hold

BidaskClub downgraded shares of CME Group (NASDAQ:CME) from a buy rating to a hold rating in a report released on Thursday morning, BidAskClub reports.

CME has been the subject of a number of other reports. Deutsche Bank raised their target price on shares of CME Group from $224.00 to $240.00 and gave the stock a buy rating in a report on Friday, August 9th. UBS Group raised their target price on shares of CME Group from $191.00 to $214.00 and gave the stock a neutral rating in a report on Thursday, September 5th. Zacks Investment Research cut shares of CME Group from a hold rating to a sell rating and set a $158.00 target price for the company. in a report on Monday, May 27th. Barclays raised their target price on shares of CME Group from $191.00 to $197.00 and gave the stock an overweight rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Co raised their target price on shares of CME Group from $176.00 to $200.00 and gave the stock a market perform rating in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $196.85.

CME Group stock opened at $205.80 on Thursday. The firm has a 50 day simple moving average of $211.25 and a 200-day simple moving average of $191.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $73.55 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 4.57 and a beta of 0.19. CME Group has a 12-month low of $161.05 and a 12-month high of $224.91.



CME Group (NASDAQ:CME) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The business 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 was up 20.1% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. On average, analysts forecast that CME Group will post 6.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, September 9th. CME Group’s payout ratio is 43.99%.

In related news, insider Sunil Cutinho sold 1,990 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $202.38, for a total value of $402,736.20. Following the completion of the sale, the insider now owns 31,182 shares in the company, valued at approximately $6,310,613.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Pietrowicz sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $201.30, for a total transaction of $503,250.00. Following the completion of the sale, the chief financial officer now owns 32,854 shares of the company’s stock, valued at approximately $6,613,510.20. The disclosure for this sale can be found here. Insiders have sold 59,626 shares of company stock valued at $12,255,934 over the last 90 days. 1.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of CME. Close Asset Management Ltd purchased a new stake in CME Group in the 1st quarter worth approximately $34,000. Advantage Investment Management LLC lifted its position in CME Group by 119.0% in the 2nd quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in CME Group in the 2nd quarter worth approximately $38,000. Private Capital Group LLC lifted its position in CME Group by 44.9% in the 2nd quarter. Private Capital Group LLC now owns 242 shares of the financial services provider’s stock worth $40,000 after buying an additional 75 shares in the last quarter. Finally, Permanens Capital L.P. purchased a new stake in CME Group in the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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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Analyst Recommendations for CME Group (NASDAQ:CME)

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