CME Group Inc (NASDAQ:CME) COO Julie Holzrichter sold 3,353 shares of CME Group stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $186.71, for a total transaction of $626,038.63. Following the completion of the sale, the chief operating officer now directly owns 45,627 shares of the company’s stock, valued at approximately $8,519,017.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
CME traded down $1.48 during mid-day trading on Friday, reaching $187.95. 54,687 shares of the stock were exchanged, compared to its average volume of 2,151,251. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.09 and a quick ratio of 1.08. The company has a market capitalization of $63.29 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 2.17 and a beta of 0.49. CME Group Inc has a 1 year low of $136.35 and a 1 year high of $189.80.
CME Group (NASDAQ:CME) last released its earnings results on Thursday, October 25th. The financial services provider reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.03. The company had revenue of $904.20 million for the quarter, compared to analysts’ expectations of $910.50 million. CME Group had a return on equity of 9.18% and a net margin of 113.67%. As a group, equities analysts anticipate that CME Group Inc will post 6.64 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its stake in CME Group by 84.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 789 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 362 shares during the period. Kaizen Advisory LLC raised its stake in CME Group by 151.9% in the 2nd quarter. Kaizen Advisory LLC now owns 816 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 492 shares during the period. Bbva Compass Bancshares Inc. bought a new stake in CME Group in the 3rd quarter valued at about $134,000. Sun Life Financial INC raised its stake in CME Group by 267.7% in the 2nd quarter. Sun Life Financial INC now owns 923 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 672 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in CME Group in the 2nd quarter valued at about $153,000. Institutional investors own 84.28% of the company’s stock.
CME has been the topic of a number of analyst reports. Zacks Investment Research raised shares of CME Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Bank of America reaffirmed a “buy” rating and set a $200.00 price objective on shares of CME Group in a report on Monday. Deutsche Bank reaffirmed a “buy” rating and set a $192.00 price objective (up from $185.00) on shares of CME Group in a report on Thursday, October 11th. BidaskClub raised shares of CME Group from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Finally, Wells Fargo & Co lifted their price objective on shares of CME Group from $175.00 to $177.00 and gave the stock a “market perform” rating in a report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. CME Group has a consensus rating of “Buy” and an average target price of $182.69.
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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 products, and metals.
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