CME Group (NASDAQ:CME) Lowered to Hold at BidaskClub

BidaskClub cut shares of CME Group (NASDAQ:CME) from a buy rating to a hold rating in a research report sent to investors on Saturday, BidAskClub reports.

A number of other equities research analysts have also commented on the stock. ValuEngine lowered shares of CME Group from a buy rating to a hold rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on shares of CME Group from $220.00 to $240.00 and gave the stock a buy rating in a report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on shares of CME Group from $183.00 to $173.00 and set an underweight rating on the stock in a report on Friday, December 6th. Credit Suisse Group assumed coverage on shares of CME Group in a report on Monday, December 16th. They set a neutral rating on the stock. Finally, Deutsche Bank increased their price objective on shares of CME Group from $245.00 to $252.00 and gave the stock a buy rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $208.36.

CME opened at $206.86 on Friday. CME Group has a twelve month low of $161.05 and a twelve month high of $224.91. The firm’s 50-day simple moving average is $204.33 and its 200-day simple moving average is $207.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $74.13 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 3.51 and a beta of 0.18.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. CME Group had a net margin of 40.93% and a return on equity of 9.54%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’s revenue was up 41.3% on a year-over-year basis. As a group, sell-side analysts anticipate that CME Group will post 6.8 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a dividend of $2.50 per share. The ex-dividend date was Thursday, December 26th. This is an increase from CME Group’s previous dividend of $1.75. CME Group’s dividend payout ratio is presently 43.99%.

In other CME Group news, CEO Terrence A. Duffy sold 39,309 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $202.38, for a total transaction of $7,955,355.42. Following the transaction, the chief executive officer now directly owns 46,684 shares in the company, valued at approximately $9,447,907.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin J. Gepsman sold 1,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $201.16, for a total transaction of $201,160.00. Following the transaction, the director now owns 34,905 shares in the company, valued at $7,021,489.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,609 shares of company stock worth $8,216,221. Corporate insiders own 1.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Evoke Wealth LLC acquired a new position in CME Group during the 3rd quarter valued at about $27,000. Thor Advisors LLC acquired a new stake in shares of CME Group in the 3rd quarter valued at approximately $34,000. Venturi Wealth Management LLC acquired a new stake in shares of CME Group in the 3rd quarter valued at approximately $36,000. Bartlett & Co. LLC raised its position in shares of CME Group by 2,471.4% in the 3rd quarter. Bartlett & Co. LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 173 shares during the period. Finally, Private Capital Group LLC raised its position in shares of CME Group by 44.9% in the 2nd quarter. Private Capital Group LLC now owns 242 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 75 shares during the period. Institutional investors own 84.14% 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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