CME Group (NASDAQ:CME) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

CME Group (NASDAQ:CME – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages have also issued reports on CME. Piper Sandler dropped their price target on shares of CME Group from $329.00 to $295.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on shares of CME Group from $249.00 to $250.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. UBS Group decreased their price objective on shares of CME Group from $310.00 to $260.00 and set a “buy” rating for the company in a report on Monday, July 6th. Morgan Stanley boosted their target price on shares of CME Group from $324.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of CME Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $288.56.

Read Our Latest Report on CME

CME Group Stock Performance

Shares of CME opened at $285.80 on Friday. The company has a market capitalization of $102.77 billion, a P/E ratio of 24.24, a P/E/G ratio of 3.40 and a beta of 0.23. CME Group has a one year low of $218.31 and a one year high of $329.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average price of $253.80 and a 200 day moving average price of $278.93.

CME Group (NASDAQ:CME – Get Free Report) last issued its quarterly earnings data 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. CME Group had a return on equity of 15.60% and a net margin of 63.30%.The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $2.96 EPS. CME Group’s quarterly revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that CME Group will post 12.27 EPS for the current fiscal year.

Insider Transactions at CME Group

In related news, Director William R. Shepard bought 325 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $230.57 per share, for a total transaction of $74,935.25. Following the completion of the purchase, the director directly owned 260,442 shares in the company, valued at approximately $60,050,111.94. The trade was a 0.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of CME Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LP grew its stake in CME Group by 66.4% during the 2nd quarter. Corient Private Wealth LP now owns 262,371 shares of the financial services provider’s stock worth $57,940,000 after buying an additional 104,730 shares during the last quarter. Groupe la Francaise boosted its holdings in shares of CME Group by 18.3% during the second quarter. Groupe la Francaise now owns 9,220 shares of the financial services provider’s stock valued at $2,037,000 after acquiring an additional 1,428 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of CME Group during the second quarter valued at $36,746,000. California State Teachers Retirement System grew its position in shares of CME Group by 21,954.4% during the second quarter. California State Teachers Retirement System now owns 131,243,023 shares of the financial services provider’s stock worth $28,982,397,000 after acquiring an additional 130,647,934 shares during the last quarter. Finally, Kintra Wealth LLC grew its position in shares of CME Group by 63.5% during the second quarter. Kintra Wealth LLC now owns 1,220 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 474 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

About CME Group

(Get Free Report)

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.

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