CME Group Inc. (NASDAQ:CME) Downgraded by BidaskClub
BidaskClub lowered shares of CME Group Inc. (NASDAQ:CME) from a hold rating to a sell rating in a report issued on Friday.
CME has been the subject of a number of other reports. Deutsche Bank AG dropped their price objective on shares of CME Group from $137.00 to $134.00 and set a buy rating for the company in a research note on Friday, April 28th. Royal Bank Of Canada dropped their price objective on shares of CME Group from $133.00 to $130.00 and set an outperform rating for the company in a research note on Monday, May 1st. Finally, Jefferies Group LLC reissued a buy rating and issued a $134.00 price objective (up from $128.00) on shares of CME Group in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $131.63.
Shares of CME Group (NASDAQ:CME) opened at 122.62 on Friday. CME Group has a 1-year low of $98.95 and a 1-year high of $127.96. The firm has a 50-day moving average of $123.76 and a 200 day moving average of $120.52. The company has a market capitalization of $41.67 billion, a P/E ratio of 26.54 and a beta of 0.74.
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In other news, CFO John W. Pietrowicz sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $124.50, for a total value of $311,250.00. Following the completion of the sale, the chief financial officer now owns 38,495 shares in the company, valued at approximately $4,792,627.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Sammann sold 2,100 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $117.86, for a total transaction of $247,506.00. Following the completion of the sale, the insider now owns 31,026 shares of the company’s stock, valued at approximately $3,656,724.36. The disclosure for this sale can be found here. Insiders sold a total of 47,655 shares of company stock valued at $5,829,020 in the last 90 days. Company insiders own 0.61% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC purchased a new stake in CME Group during the fourth quarter valued at about $6,147,000. Chevy Chase Trust Holdings Inc. raised its stake in CME Group by 5.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 585,946 shares of the financial services provider’s stock valued at $69,610,000 after buying an additional 31,769 shares during the period. Burns J W & Co. Inc. NY raised its stake in CME Group by 6.1% in the first quarter. Burns J W & Co. Inc. NY now owns 17,361 shares of the financial services provider’s stock valued at $2,062,000 after buying an additional 997 shares during the period. New England Research & Management Inc. purchased a new stake in CME Group during the first quarter valued at about $368,000. Finally, Raymond James Trust N.A. raised its stake in CME Group by 4.7% in the first quarter. Raymond James Trust N.A. now owns 13,972 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 631 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.
About CME Group
CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.
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