CME Group (NASDAQ:CME) Sets New 1-Year Low on Insider Selling

CME Group Inc. (NASDAQ:CMEGet Rating) shares reached a new 52-week low on Tuesday after an insider sold shares in the company. The stock traded as low as $185.16 and last traded at $185.27, with a volume of 18939 shares traded. The stock had previously closed at $190.72.

Specifically, insider Hilda Harris Piell sold 4,901 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $203.88, for a total value of $999,215.88. Following the completion of the sale, the insider now directly owns 33,140 shares in the company, valued at $6,756,583.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CME Group news, insider Hilda Harris Piell sold 4,901 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $203.88, for a total transaction of $999,215.88. Following the completion of the sale, the insider now directly owns 33,140 shares in the company, valued at approximately $6,756,583.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Derek Sammann sold 4,000 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $201.51, for a total value of $806,040.00. Following the sale, the insider now owns 13,333 shares of the company’s stock, valued at $2,686,732.83. The disclosure for this sale can be found here. Insiders sold 10,511 shares of company stock worth $2,123,186 over the last three months. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

CME has been the topic of several recent research reports. Rosenblatt Securities initiated coverage on shares of CME Group in a research report on Tuesday, August 16th. They issued a “sell” rating and a $171.00 price target on the stock. Credit Suisse Group dropped their price target on shares of CME Group from $216.00 to $210.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 6th. Atlantic Securities raised shares of CME Group from a “neutral” rating to an “overweight” rating and set a $235.00 target price on the stock in a research report on Friday, June 10th. UBS Group dropped their target price on shares of CME Group from $246.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, August 2nd. Finally, Oppenheimer raised shares of CME Group from a “market perform” rating to an “outperform” rating and set a $223.00 target price on the stock in a research report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $230.80.

CME Group Price Performance

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $67.30 billion, a P/E ratio of 23.66, a P/E/G ratio of 3.09 and a beta of 0.40. The business’s fifty day moving average price is $199.58 and its 200-day moving average price is $211.25.

CME Group (NASDAQ:CMEGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.05. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. CME Group had a net margin of 60.43% and a return on equity of 9.65%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. As a group, sell-side analysts predict that CME Group Inc. will post 7.96 earnings per share for the current fiscal year.

CME Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Friday, September 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 8th. CME Group’s payout ratio is 49.63%.

Hedge Funds Weigh In On CME Group

A number of hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of CME Group by 15.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 371 shares of the financial services provider’s stock valued at $85,000 after buying an additional 51 shares during the period. AE Wealth Management LLC grew its holdings in CME Group by 2.3% in the second quarter. AE Wealth Management LLC now owns 2,332 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 52 shares during the period. Thrivent Financial for Lutherans grew its holdings in CME Group by 0.3% in the second quarter. Thrivent Financial for Lutherans now owns 15,841 shares of the financial services provider’s stock worth $3,243,000 after purchasing an additional 52 shares during the period. Tiedemann Advisors LLC grew its holdings in CME Group by 0.3% in the first quarter. Tiedemann Advisors LLC now owns 19,681 shares of the financial services provider’s stock worth $4,682,000 after purchasing an additional 53 shares during the period. Finally, MJP Associates Inc. ADV grew its holdings in CME Group by 5.7% in the second quarter. MJP Associates Inc. ADV now owns 983 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 85.56% of the company’s stock.

CME Group Company Profile

(Get Rating)

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 products.

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