CME Group (NASDAQ:CME) Price Target Raised to $344.00

CME Group (NASDAQ:CMEGet Free Report) had its target price lifted by investment analysts at Barclays from $312.00 to $344.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 13.90% from the stock’s current price.

A number of other equities analysts have also commented on CME. Deutsche Bank Aktiengesellschaft increased their price target on CME Group from $312.00 to $316.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $310.00 price target on shares of CME Group in a research note on Friday, February 6th. Bank of America increased their price target on CME Group from $201.00 to $209.00 in a research note on Wednesday, December 10th. Argus reissued a “hold” rating on shares of CME Group in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CME Group from $262.00 to $266.00 and gave the stock an “underweight” rating in a research note on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.59.

Check Out Our Latest Analysis on CME

CME Group Stock Performance

CME opened at $302.02 on Wednesday. The stock has a market capitalization of $108.31 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 3.25 and a beta of 0.26. The company has a fifty day moving average of $305.72 and a 200 day moving average of $283.93. CME Group has a fifty-two week low of $248.53 and a fifty-two week high of $329.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.03 and a current ratio of 1.03.

CME Group (NASDAQ:CMEGet Free Report) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.02. CME Group had a net margin of 62.45% and a return on equity of 14.65%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company posted $2.52 earnings per share. CME Group’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that CME Group will post 10.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Bryan T. Durkin sold 4,200 shares of CME Group stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $309.65, for a total transaction of $1,300,530.00. Following the completion of the transaction, the director directly owned 43,007 shares of the company’s stock, valued at approximately $13,317,117.55. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Martin J. Gepsman sold 300 shares of CME Group stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $305.90, for a total transaction of $91,770.00. Following the transaction, the director directly owned 24,999 shares of the company’s stock, valued at approximately $7,647,194.10. This represents a 1.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,539 shares of company stock valued at $2,713,821 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CME Group

A number of large investors have recently made changes to their positions in CME. Norges Bank purchased a new position in shares of CME Group during the 4th quarter worth about $1,523,241,000. Sanders Capital LLC purchased a new stake in CME Group in the 3rd quarter valued at about $1,006,932,000. Strive Asset Management LLC purchased a new stake in CME Group in the 3rd quarter valued at about $636,487,000. Victory Capital Management Inc. boosted its position in CME Group by 746.4% in the 4th quarter. Victory Capital Management Inc. now owns 2,049,649 shares of the financial services provider’s stock valued at $559,720,000 after buying an additional 1,807,491 shares during the period. Finally, Life Cycle Investment Partners Ltd purchased a new stake in CME Group in the 4th quarter valued at about $217,656,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting CME Group

Here are the key news stories impacting CME Group this week:

About CME Group

(Get Free Report)

CME Group Inc is a global markets company that operates some of the world’s largest and most liquid derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX) and COMEX. The firm offers futures and options contracts across a broad range of asset classes — including interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals — and serves a diverse client base of institutional investors, commercial hedgers, brokers and retail participants.

The company’s core services include electronic trading on the CME Globex platform, central clearing through CME Clearing, and distribution of market data, indexes and analytics.

Further Reading

Analyst Recommendations for CME Group (NASDAQ:CME)

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