CME Group Inc (NASDAQ:CME) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Tuesday, September 10th will be given a dividend of 0.75 per share by the financial services provider on Wednesday, September 25th. This represents a $3.00 annualized dividend and a dividend yield of 1.44%.
CME Group has raised its dividend payment by an average of 11.9% per year over the last three years and has raised its dividend every year for the last 8 years. CME Group has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Analysts expect CME Group to earn $7.33 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 40.9%.
Shares of CME traded up $0.51 during trading hours on Wednesday, hitting $208.89. The stock had a trading volume of 1,674,622 shares, compared to its average volume of 1,634,639. The company’s fifty day moving average price is $201.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.05 and a quick ratio of 1.04. CME Group has a 52 week low of $161.05 and a 52 week high of $210.17. The stock has a market capitalization of $74.64 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 4.58 and a beta of 0.23.
CME Group (NASDAQ:CME) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. CME Group had a net margin of 39.36% and a return on equity of 9.14%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 EPS. On average, analysts anticipate that CME Group will post 6.66 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Citigroup set a $202.00 target price on shares of CME Group and gave the company a “buy” rating in a research report on Thursday, May 2nd. Rosenblatt Securities downgraded shares of CME Group from a “neutral” rating to a “sell” rating in a research report on Thursday, April 18th. UBS Group upped their target price on shares of CME Group from $190.00 to $194.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. BidaskClub downgraded shares of CME Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Barclays upped their target price on shares of CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $192.14.
In other news, insider Kathleen M. Cronin sold 4,960 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $186.69, for a total transaction of $925,982.40. Following the completion of the transaction, the insider now directly owns 49,337 shares of the company’s stock, valued at approximately $9,210,724.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth A. Cook sold 300 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $204.27, for a total transaction of $61,281.00. Following the transaction, the director now directly owns 20,821 shares of the company’s stock, valued at $4,253,105.67. The disclosure for this sale can be found here. Insiders have sold a total of 78,873 shares of company stock valued at $15,707,799 over the last ninety days. Company insiders own 1.20% of the company’s stock.
About CME Group
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 commodities, and metals, as well as fixed income products.
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