CME Group (NASDAQ:CME) Insider Sells $3,075,606.85 in Stock

CME Group Inc. (NASDAQ:CME) insider Julie Winkler sold 10,079 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $305.15, for a total value of $3,075,606.85. Following the transaction, the insider owned 21,482 shares in the company, valued at approximately $6,555,232.30. This represents a 31.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CME Group Stock Up 1.0%

Shares of CME Group stock traded up $3.10 during trading on Monday, hitting $306.24. The company’s stock had a trading volume of 1,866,923 shares, compared to its average volume of 2,108,085. The company has a market capitalization of $110.12 billion, a PE ratio of 24.22, a P/E/G ratio of 3.59 and a beta of 0.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. CME Group Inc. has a 52 week low of $218.31 and a 52 week high of $329.16. The company has a fifty day simple moving average of $280.96 and a two-hundred day simple moving average of $280.20.

CME Group (NASDAQ:CME) last issued its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. CME Group had a net margin of 63.33% and a return on equity of 16.23%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.68 earnings per share. Equities research analysts predict that CME Group Inc. will post 12.34 earnings per share for the current year.

CME Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, September 9th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.7%. CME Group’s dividend payout ratio (DPR) is presently 42.66%.

Wall Street Analyst Weigh In

CME has been the topic of several analyst reports. TD Cowen boosted their target price on CME Group from $292.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Bank of America increased their target price on shares of CME Group from $226.00 to $230.00 and gave the stock an “underperform” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded CME Group from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Sandler reaffirmed an “overweight” rating and set a $330.00 target price (up from $295.00) on shares of CME Group in a research report on Thursday, October 22nd. Finally, CLSA set a $367.00 price objective on shares of CME Group in a report on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $314.44.

Hedge Funds Weigh In On CME Group

A number of institutional investors and hedge funds have recently bought and sold shares of CME. Whipplewood Advisors LLC increased its stake in shares of CME Group by 2,075.0% in the 1st quarter. Whipplewood Advisors LLC now owns 87 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. First Community Trust NA acquired a new position in shares of CME Group in the third quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of CME Group during the third quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in CME Group in the 2nd quarter valued at about $28,000. Finally, Compass Financial Management LLC grew its holdings in CME Group by 471.4% during the 3rd quarter. Compass Financial Management LLC now owns 120 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 99 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

About CME Group

CME Group Inc operates global derivatives marketplaces that provide trading, clearing and settlement services for futures and options contracts. Its products cover major asset classes, including interest rates, equity indexes, foreign currencies, agricultural commodities, energy and metals. The company also provides market data, benchmark information and related services used by financial institutions, corporations, producers, investors and other market participants.

CME Group’s exchange portfolio includes CME, the Chicago Board of Trade, the New York Mercantile Exchange and COMEX.