Traders Buy CME Group (CME) on Weakness

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Investors bought shares of CME Group Inc (NASDAQ:CME) on weakness during trading on Thursday. $72.81 million flowed into the stock on the tick-up and $64.44 million flowed out of the stock on the tick-down, for a money net flow of $8.37 million into the stock. Of all stocks tracked, CME Group had the 28th highest net in-flow for the day. CME Group traded down ($1.03) for the day and closed at $181.26

Several equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of CME Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th. Citigroup assumed coverage on shares of CME Group in a research note on Tuesday, November 20th. They issued a “buy” rating and a $220.00 target price for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $184.00 target price on shares of CME Group in a research note on Monday, December 10th. Wells Fargo & Co boosted their price objective on shares of CME Group from $175.00 to $177.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $192.00 price objective (up previously from $185.00) on shares of CME Group in a research note on Thursday, October 11th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $193.00.

The company has a market cap of $61.60 billion, a P/E ratio of 38.45, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.42 by $0.03. The company had revenue of $904.20 million during the quarter, compared to analysts’ expectations of $910.50 million. CME Group had a net margin of 113.67% and a return on equity of 9.18%. On average, analysts predict that CME Group Inc will post 6.8 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Wednesday, January 16th. Investors of record on Friday, December 28th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, December 27th. CME Group’s dividend payout ratio is currently 58.70%.

In other CME Group news, COO Julie Holzrichter sold 3,353 shares of CME Group stock in a transaction that occurred 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 in the company, valued at $8,519,017.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles P. Carey sold 2,800 shares of CME Group stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $183.45, for a total transaction of $513,660.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,647 shares of company stock valued at $11,107,550. 0.43% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in CME. Ipswich Investment Management Co. Inc. bought a new stake in shares of CME Group in the 4th quarter worth approximately $47,000. Contravisory Investment Management Inc. lifted its holdings in shares of CME Group by 197.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 253 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 168 shares during the last quarter. Alpha Windward LLC lifted its holdings in shares of CME Group by 820.0% in the 4th quarter. Alpha Windward LLC now owns 322 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 287 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of CME Group by 282.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 765 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 565 shares during the last quarter. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of CME Group in the 3rd quarter worth approximately $132,000. Institutional investors and hedge funds own 85.68% of the company’s stock.

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CME Group Company Profile (NASDAQ:CME)

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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