Kimberly S. Taylor Sells 8,125 Shares of CME Group Inc (CME) Stock
CME Group Inc (NASDAQ:CME) insider Kimberly S. Taylor sold 8,125 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $150.00, for a total value of $1,218,750.00. Following the completion of the transaction, the insider now owns 120,590 shares of the company’s stock, valued at $18,088,500. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
CME Group Inc (NASDAQ CME) opened at $152.11 on Wednesday. The stock has a market capitalization of $51,135.15, a price-to-earnings ratio of 31.55, a P/E/G ratio of 3.10 and a beta of 0.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. CME Group Inc has a 12-month low of $113.27 and a 12-month high of $155.29.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The business had revenue of $890.80 million during the quarter, compared to analyst estimates of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. CME Group’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. equities research analysts anticipate that CME Group Inc will post 4.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.64 dividend on an annualized basis and a yield of 1.74%. CME Group’s payout ratio is currently 59.86%.
CME has been the subject of a number of research reports. Wells Fargo & Company increased their price target on CME Group from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, October 4th. Royal Bank Of Canada increased their price target on CME Group from $135.00 to $147.00 and gave the company an “outperform” rating in a research note on Monday, October 16th. Barclays initiated coverage on CME Group in a research note on Friday, September 8th. They issued an “overweight” rating and a $139.00 price target for the company. BidaskClub upgraded CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $133.00 price target on shares of CME Group in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $141.75.
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in CME Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 22,795,894 shares of the financial services provider’s stock worth $2,854,958,000 after acquiring an additional 563,460 shares during the period. Capital International Investors grew its holdings in CME Group by 11.4% during the 3rd quarter. Capital International Investors now owns 12,489,045 shares of the financial services provider’s stock worth $1,694,514,000 after acquiring an additional 1,279,058 shares during the period. Janus Henderson Group PLC grew its holdings in CME Group by 13,530.7% during the 2nd quarter. Janus Henderson Group PLC now owns 6,150,016 shares of the financial services provider’s stock worth $770,227,000 after acquiring an additional 6,104,897 shares during the period. Wells Fargo & Company MN grew its holdings in CME Group by 25.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,379,568 shares of the financial services provider’s stock worth $548,496,000 after acquiring an additional 889,217 shares during the period. Finally, Thornburg Investment Management Inc. grew its holdings in CME Group by 5.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 3,902,886 shares of the financial services provider’s stock worth $529,544,000 after acquiring an additional 200,483 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.
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CME Group Company Profile
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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