CME Group Inc (NASDAQ:CME) Director Sells $1,025,000.00 in Stock

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CME Group Inc (NASDAQ:CME) Director Howard J. Siegel sold 5,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the sale, the director now owns 80,382 shares in the company, valued at approximately $16,478,310. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NASDAQ:CME opened at $208.89 on Thursday. The stock has a market cap of $74.64 billion, a PE ratio of 30.63, a PEG ratio of 4.58 and a beta of 0.23. The stock has a fifty day simple moving average of $201.54. CME Group Inc has a 52 week low of $161.05 and a 52 week high of $210.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.05.

CME Group (NASDAQ:CME) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.74 EPS. On average, equities research analysts predict that CME Group Inc will post 6.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 10th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. CME Group’s payout ratio is presently 43.99%.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of CME Group by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 906,174 shares of the financial services provider’s stock valued at $170,463,000 after purchasing an additional 24,717 shares during the period. Geode Capital Management LLC raised its stake in shares of CME Group by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 4,715,269 shares of the financial services provider’s stock valued at $885,776,000 after purchasing an additional 537,917 shares during the period. Legacy Advisors LLC acquired a new stake in shares of CME Group in the 1st quarter valued at about $92,000. Sageworth Trust Co raised its stake in shares of CME Group by 5,233.3% in the 1st quarter. Sageworth Trust Co now owns 480 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 471 shares during the period. Finally, Forte Capital LLC ADV raised its stake in shares of CME Group by 0.6% in the 1st quarter. Forte Capital LLC ADV now owns 26,041 shares of the financial services provider’s stock valued at $4,286,000 after purchasing an additional 156 shares during the period. Institutional investors own 84.58% of the company’s stock.

Several research firms have recently weighed in on CME. BidaskClub cut shares of CME Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. ValuEngine upgraded shares of CME Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Zacks Investment Research cut shares of CME Group from a “hold” rating to a “sell” rating and set a $158.00 price objective on the stock. in a research report on Monday, May 27th. Barclays raised their price objective on shares of CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Wells Fargo & Co raised their price objective on shares of CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $192.14.

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.

Further Reading: What is a Real Estate Investment Trust (REIT)?

Insider Buying and Selling by Quarter for CME Group (NASDAQ:CME)

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