Investors Sell Shares of CME Group (CME) on Strength (CME)
Investors sold shares of CME Group Inc (NASDAQ:CME) on strength during trading on Wednesday. $35.19 million flowed into the stock on the tick-up and $60.69 million flowed out of the stock on the tick-down, for a money net flow of $25.50 million out of the stock. Of all stocks tracked, CME Group had the 33rd highest net out-flow for the day. CME Group traded up $0.33 for the day and closed at $182.29
Several research firms recently commented on CME. Keefe, Bruyette & Woods restated a “hold” rating and issued a $184.00 price target on shares of CME Group in a report on Monday, December 10th. Citigroup assumed coverage on shares of CME Group in a research note on Tuesday, November 20th. They set a “buy” rating and a $220.00 price objective on the stock. Atlantic Securities assumed coverage on shares of CME Group in a research note on Wednesday, November 28th. They set a “neutral” rating and a $200.00 price objective on the stock. Bank of America reiterated a “buy” rating and set a $200.00 price objective on shares of CME Group in a research note on Monday, November 5th. Finally, Deutsche Bank lifted their price objective on shares of CME Group from $205.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, November 16th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $193.00.
The company has a market cap of $61.95 billion, a PE ratio of 38.45, a P/E/G ratio of 2.24 and a beta of 0.43. 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 business also recently declared a dividend, which was paid on Wednesday, January 16th. Stockholders of record on Friday, December 28th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, December 27th. CME Group’s payout ratio is currently 58.70%.
In other news, CFO John W. Pietrowicz sold 17,960 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $8,370,277.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Terrence A. Duffy sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $188.80, for a total transaction of $1,888,000.00. Following the sale, the chairman now directly owns 95,652 shares of the company’s stock, valued at approximately $18,059,097.60. The disclosure for this sale can be found here. Insiders have sold 58,647 shares of company stock valued at $11,107,550 in the last three months. Corporate insiders own 0.43% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CME. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in CME Group in the second quarter worth $852,000. Glenmede Trust Co. NA boosted its holdings in CME Group by 156.4% in the second quarter. Glenmede Trust Co. NA now owns 167,321 shares of the financial services provider’s stock worth $27,427,000 after purchasing an additional 102,052 shares during the period. Bank of Nova Scotia boosted its holdings in CME Group by 4.7% in the second quarter. Bank of Nova Scotia now owns 88,356 shares of the financial services provider’s stock worth $14,482,000 after purchasing an additional 3,996 shares during the period. Andra AP fonden boosted its holdings in CME Group by 6.6% in the second quarter. Andra AP fonden now owns 42,100 shares of the financial services provider’s stock worth $6,901,000 after purchasing an additional 2,600 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in CME Group by 1.2% in the second quarter. WINTON GROUP Ltd now owns 62,078 shares of the financial services provider’s stock worth $10,176,000 after purchasing an additional 761 shares during the period. 85.68% of the stock is owned by institutional investors and hedge funds.
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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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