Investors Sell Shares of CME Group (CME) on Strength (CME)
Traders sold shares of CME Group Inc (NASDAQ:CME) on strength during trading hours on Thursday. $115.28 million flowed into the stock on the tick-up and $171.02 million flowed out of the stock on the tick-down, for a money net flow of $55.74 million out of the stock. Of all companies tracked, CME Group had the 0th highest net out-flow for the day. CME Group traded up $0.82 for the day and closed at $189.02
Several analysts have issued reports on the company. Berenberg Bank upgraded CME Group from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Tuesday, November 20th. Citigroup assumed coverage on CME Group in a research note on Tuesday, November 20th. They set a “buy” rating and a $220.00 price objective on the stock. UBS Group cut CME Group from a “buy” rating to a “neutral” rating and upped their price objective for the company from $185.00 to $204.00 in a research note on Wednesday, November 28th. Atlantic Securities assumed coverage on CME Group in a research note on Wednesday, November 28th. They set a “neutral” rating and a $200.00 price objective on the stock. Finally, Deutsche Bank upped their price objective on CME Group from $205.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, November 16th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. CME Group currently has a consensus rating of “Buy” and a consensus target price of $194.13.
The company has a market cap of $64.24 billion, a PE ratio of 39.23, a P/E/G ratio of 2.19 and a beta of 0.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.15.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Monday, December 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, December 7th. CME Group’s dividend payout ratio (DPR) is presently 58.70%.
In other news, insider Julie Winkler sold 5,847 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $195.01, for a total transaction of $1,140,223.47. Following the completion of the transaction, the insider now directly owns 24,255 shares of the company’s stock, valued at $4,729,967.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin J. Gepsman sold 300 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $172.30, for a total value of $51,690.00. Following the transaction, the director now directly owns 42,912 shares of the company’s stock, valued at $7,393,737.60. The disclosure for this sale can be found here. Insiders have sold 29,800 shares of company stock valued at $5,628,462 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in CME Group by 107.8% in the 3rd quarter. Capital Research Global Investors now owns 10,906,683 shares of the financial services provider’s stock worth $1,856,427,000 after buying an additional 5,658,108 shares in the last quarter. Capital International Investors grew its holdings in CME Group by 18.3% in the 3rd quarter. Capital International Investors now owns 15,425,378 shares of the financial services provider’s stock worth $2,625,554,000 after buying an additional 2,383,280 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in CME Group in the 3rd quarter worth approximately $172,308,000. Edgewood Management LLC grew its holdings in CME Group by 9.5% in the 3rd quarter. Edgewood Management LLC now owns 8,582,518 shares of the financial services provider’s stock worth $1,460,830,000 after buying an additional 742,067 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in CME Group by 13.2% in the 2nd quarter. Janus Henderson Group PLC now owns 6,129,157 shares of the financial services provider’s stock worth $1,004,691,000 after buying an additional 716,655 shares in the last quarter. 85.89% of the stock is owned by institutional investors.
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About CME Group (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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