CME Group (CME) Earns Buy Rating from Jefferies Financial Group

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Jefferies Financial Group reaffirmed their buy rating on shares of CME Group (NASDAQ:CME) in a research report report published on Wednesday, September 5th. They currently have a $190.00 price target on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Co boosted their target price on CME Group from $170.00 to $175.00 and gave the company a market perform rating in a research note on Monday, July 9th. BidaskClub lowered CME Group from a buy rating to a hold rating in a research report on Tuesday, July 10th. Compass Point initiated coverage on CME Group in a research report on Monday, July 9th. They set a neutral rating and a $170.00 price target on the stock. Finally, Zacks Investment Research downgraded CME Group from a buy rating to a hold rating in a report on Tuesday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $174.40.

CME Group stock traded up $0.84 during trading hours on Wednesday, reaching $173.15. The company had a trading volume of 875,785 shares, compared to its average volume of 1,251,660. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $58.28 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 3.23 and a beta of 0.64. CME Group has a 12-month low of $130.37 and a 12-month high of $177.35.

CME Group (NASDAQ:CME) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.02. CME Group had a return on equity of 9.03% and a net margin of 111.45%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $1.22 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. sell-side analysts expect that CME Group will post 6.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Monday, September 10th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, September 7th. CME Group’s dividend payout ratio is currently 58.70%.

In other news, President Bryan T. Durkin sold 11,509 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $162.01, for a total value of $1,864,573.09. Following the completion of the sale, the president now directly owns 64,862 shares of the company’s stock, valued at approximately $10,508,292.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin J. Gepsman sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $172.30, for a total value of $51,690.00. Following the completion of the sale, the director now directly owns 42,912 shares of the company’s stock, valued at $7,393,737.60. The disclosure for this sale can be found here. Insiders have sold 29,188 shares of company stock valued at $4,934,232 in the last quarter. 0.57% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CME. Meeder Asset Management Inc. raised its holdings in shares of CME Group by 84.8% in the second quarter. Meeder Asset Management Inc. now owns 789 shares of the financial services provider’s stock worth $129,000 after buying an additional 362 shares during the period. Kaizen Advisory LLC increased its holdings in CME Group by 151.9% during the 2nd quarter. Kaizen Advisory LLC now owns 816 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 492 shares during the period. Signaturefd LLC purchased a new position in CME Group during the 1st quarter worth $138,000. Old Mutual Global Investors UK Ltd. purchased a new position in CME Group during the 1st quarter worth $138,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in CME Group during the 1st quarter worth $142,000. Hedge funds and other institutional investors own 84.04% 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 products, and metals.

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Analyst Recommendations for CME Group (NASDAQ:CME)

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