CME Group (NASDAQ:CME – Free Report) had its price objective raised by Piper Sandler from $275.00 to $283.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.
A number of other research analysts have also recently commented on the company. Bank of America increased their target price on CME Group from $200.00 to $219.00 and gave the company an “underperform” rating in a research note on Wednesday, April 2nd. Erste Group Bank upgraded CME Group to a “strong-buy” rating in a research report on Monday, March 17th. Barclays boosted their target price on CME Group from $263.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup cut shares of CME Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $255.00 to $250.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CME Group from $256.00 to $257.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $246.80.
Read Our Latest Research Report on CME
CME Group Price Performance
CME Group (NASDAQ:CME – Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.06. CME Group had a return on equity of 13.62% and a net margin of 57.52%. As a group, sell-side analysts predict that CME Group will post 10.49 earnings per share for the current fiscal year.
CME Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 7th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, March 7th. This is a boost from CME Group’s previous quarterly dividend of $1.15. CME Group’s dividend payout ratio is 51.71%.
Insider Transactions at CME Group
In related news, Director Howard J. Siegel sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $260.00, for a total transaction of $2,600,000.00. Following the completion of the sale, the director now owns 21,873 shares of the company’s stock, valued at $5,686,980. This trade represents a 31.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hilda Harris Piell sold 3,984 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $250.47, for a total transaction of $997,872.48. Following the completion of the transaction, the insider now owns 27,046 shares of the company’s stock, valued at approximately $6,774,211.62. The trade was a 12.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,076 shares of company stock valued at $6,871,496 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.
Institutional Trading of CME Group
A number of institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its holdings in shares of CME Group by 570.6% in the fourth quarter. SJS Investment Consulting Inc. now owns 114 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 97 shares during the period. New Age Alpha Advisors LLC boosted its position in CME Group by 50.0% in the fourth quarter. New Age Alpha Advisors LLC now owns 129 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Financial Life Planners bought a new stake in shares of CME Group during the 4th quarter valued at about $32,000. Knuff & Co LLC purchased a new stake in shares of CME Group during the 4th quarter valued at about $33,000. Finally, Fortitude Family Office LLC lifted its stake in shares of CME Group by 120.3% in the 4th quarter. Fortitude Family Office LLC now owns 152 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 87.75% of the company’s stock.
About CME Group
CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income and foreign currency trading services.
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