CME Group (NASDAQ:CME) – Investment analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for shares of CME Group in a research note issued on Tuesday, April 10th. Jefferies Group analyst D. Fannon now anticipates that the financial services provider will post earnings of $1.84 per share for the quarter, up from their prior estimate of $1.80.
Several other research analysts have also recently weighed in on the company. Goldman Sachs raised CME Group from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Wednesday, February 7th. Zacks Investment Research raised CME Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, January 2nd. BidaskClub cut CME Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Citigroup reaffirmed a “buy” rating and set a $172.00 target price (up previously from $155.00) on shares of CME Group in a research note on Monday, January 29th. Finally, Bank of America raised their target price on CME Group from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, March 8th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. CME Group presently has an average rating of “Buy” and an average price target of $165.57.
CME Group (NASDAQ:CME) last announced its earnings results on Thursday, February 1st. The financial services provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. CME Group had a return on equity of 7.68% and a net margin of 111.49%. The business had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $886.85 million. During the same quarter last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Friday, March 9th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.74%. This is an increase from CME Group’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, March 8th. CME Group’s dividend payout ratio is currently 58.70%.
In other news, Director Leo Melamed sold 7,300 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $155.78, for a total transaction of $1,137,194.00. Following the completion of the sale, the director now directly owns 10,537 shares of the company’s stock, valued at $1,641,453.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Derek Sammann sold 2,400 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $161.66, for a total value of $387,984.00. Following the completion of the sale, the insider now directly owns 40,153 shares of the company’s stock, valued at $6,491,133.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,699 shares of company stock valued at $5,532,362. 0.57% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in CME. Caisse DE Depot ET Placement DU Quebec lifted its stake in CME Group by 9.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,791 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 700 shares in the last quarter. Vident Investment Advisory LLC purchased a new stake in CME Group in the 3rd quarter worth about $917,000. Cubist Systematic Strategies LLC lifted its stake in CME Group by 353.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,165 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 2,467 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in CME Group in the 3rd quarter worth about $124,000. Finally, Piedmont Investment Advisors LLC lifted its stake in CME Group by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 73,118 shares of the financial services provider’s stock worth $9,921,000 after acquiring an additional 673 shares in the last quarter. 83.12% of the stock is owned by hedge funds and other institutional investors.
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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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