Investors Buy Shares of CME Group (CME) on Weakness

Investors purchased shares of CME Group Inc (NASDAQ:CME) on weakness during trading on Tuesday. $54.69 million flowed into the stock on the tick-up and $31.18 million flowed out of the stock on the tick-down, for a money net flow of $23.51 million into the stock. Of all companies tracked, CME Group had the 21st highest net in-flow for the day. CME Group traded down ($1.26) for the day and closed at $144.79

A number of analysts recently commented on CME shares. Barclays started 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. UBS Group reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $134.00) on shares of CME Group in a research note on Wednesday, September 6th. BidaskClub raised CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 13th. Citigroup raised their price target on CME Group from $138.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Wells Fargo & Co raised their price target on CME Group from $130.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. CME Group presently has an average rating of “Buy” and a consensus price target of $144.22.

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $50,720.00, a price-to-earnings ratio of 33.80, a PEG ratio of 2.61 and a beta of 0.72.

CME Group (NASDAQ:CME) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. The business had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. analysts predict that CME Group Inc will post 4.77 earnings per share for the current year.

The company also recently disclosed a dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, December 28th will be issued a $3.50 dividend. This is an increase from CME Group’s previous dividend of $3.25. The ex-dividend date of this dividend is Wednesday, December 27th. CME Group’s dividend payout ratio is 59.86%.

In other CME Group news, insider Sunil Cutinho sold 2,600 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $139.57, for a total value of $362,882.00. Following the transaction, the insider now directly owns 22,301 shares of the company’s stock, valued at $3,112,550.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jack J. Tobin sold 2,325 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $152.28, for a total value of $354,051.00. Following the completion of the transaction, the insider now directly owns 17,574 shares in the company, valued at $2,676,168.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,603 shares of company stock valued at $5,456,551. 0.57% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CME. Fiduciary Trust Co. bought a new stake in CME Group during the 2nd quarter valued at approximately $105,000. Quadrant Capital Group LLC raised its stake in CME Group by 13.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 944 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 113 shares during the period. Valeo Financial Advisors LLC bought a new stake in CME Group during the 3rd quarter valued at approximately $124,000. San Francisco Sentry Investment Group CA bought a new stake in CME Group during the 2nd quarter valued at approximately $129,000. Finally, People s United Financial Inc. raised its stake in CME Group by 11.5% during the 2nd quarter. People s United Financial Inc. now owns 1,063 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 110 shares during the period. 82.70% of the stock is currently owned by hedge funds and other institutional investors.

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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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