CME Group Inc. (CME) to Issue Quarterly Dividend of $1.30 on September 25th

CME Group Inc. (NASDAQ:CME) declared a quarterly dividend on Thursday, August 6th. Investors of record on Wednesday, September 9th will be given a dividend of 1.30 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 9th.

CME Group has decreased its dividend by an average of 0.0%annually over the last three years. CME Group has a payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CME Group to earn $12.82 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 40.6%.

CME Group Price Performance

Shares of CME Group stock opened at $281.29 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $258.76 and a 200 day moving average of $278.20. The company has a market capitalization of $101.15 billion, a P/E ratio of 23.86, a P/E/G ratio of 3.32 and a beta of 0.24. CME Group has a 52-week low of $218.31 and a 52-week high of $329.16.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $0.08. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.68 billion. CME Group had a return on equity of 15.60% and a net margin of 63.30%.CME Group’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $2.96 earnings per share. As a group, research analysts forecast that CME Group will post 12.27 EPS for the current fiscal year.

Analyst Ratings Changes

CME has been the subject of several research analyst reports. Rothschild & Co Redburn upgraded shares of CME Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $316.00 to $323.00 in a research note on Thursday, June 11th. JPMorgan Chase & Co. boosted their price target on shares of CME Group from $249.00 to $250.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Weiss Ratings cut CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods raised shares of CME Group from a “market perform” rating to an “outperform” rating and set a $305.00 target price for the company in a report on Thursday, June 18th. Finally, Morgan Stanley lifted their price target on CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, CME Group has a consensus rating of “Hold” and an average target price of $289.75.

About CME Group

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.