Traders Buy Shares of CME Group (CME) on Weakness

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Investors bought shares of CME Group Inc (NASDAQ:CME) on weakness during trading on Tuesday. $94.32 million flowed into the stock on the tick-up and $55.64 million flowed out of the stock on the tick-down, for a money net flow of $38.68 million into the stock. Of all stocks tracked, CME Group had the 17th highest net in-flow for the day. CME Group traded down ($1.09) for the day and closed at $182.66

A number of research analysts have weighed in on the stock. BidaskClub downgraded shares of CME Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Berenberg Bank set a $184.00 price target on shares of CME Group and gave the stock a “hold” rating in a research report on Thursday, September 20th. Citigroup assumed coverage on shares of CME Group in a research report on Tuesday, November 20th. They set a “buy” rating and a $220.00 price target for the company. Zacks Investment Research upgraded shares of CME Group from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $184.00 price target on shares of CME Group in a research report on Monday, December 10th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $193.56.

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $62.77 billion, a P/E ratio of 37.70, a P/E/G ratio of 2.28 and a beta of 0.43.

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, topping the consensus estimate of $1.42 by $0.03. CME Group had a net margin of 113.67% and a return on equity of 9.18%. The firm had revenue of $904.20 million for the quarter, compared to analyst estimates of $910.50 million. As a group, research analysts forecast that CME Group Inc will post 6.69 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Wednesday, January 16th. Shareholders of record on Friday, December 28th will be issued a dividend of $1.75 per share. The ex-dividend date is Thursday, December 27th. CME Group’s dividend payout ratio (DPR) is presently 58.70%.

In other news, insider Sean Tully sold 13,500 shares of the firm’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $191.69, for a total value of $2,587,815.00. Following the sale, the insider now directly owns 36,328 shares in the company, valued at approximately $6,963,714.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John W. Pietrowicz sold 17,960 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $186.92, for a total transaction of $3,357,083.20. Following the completion of the sale, the chief financial officer now owns 44,780 shares in the company, valued at $8,370,277.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,647 shares of company stock worth $11,107,550. 0.43% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CME. Prime Capital Investment Advisors LLC grew its position 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 valued at $130,000 after buying an additional 565 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in CME Group during the 3rd quarter worth $132,000. Moody National Bank Trust Division purchased a new position in CME Group during the 4th quarter worth $133,000. Bbva Compass Bancshares Inc. purchased a new position in CME Group during the 3rd quarter worth $134,000. Finally, Buckley Wealth Management LLC purchased a new position in CME Group during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 85.73% 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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