CME Group Inc. (NASDAQ:CME) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $128.00 target price on shares of CME Group in a research note on Monday, July 10th. UBS AG reiterated a “buy” rating and issued a $135.00 target price (up from $134.00) on shares of CME Group in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $127.00 target price on shares of CME Group in a research note on Friday, July 14th. Citigroup Inc. initiated coverage on shares of CME Group in a research note on Wednesday, July 12th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Royal Bank Of Canada set a $130.00 target price on shares of CME Group and gave the company a “buy” rating in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. CME Group currently has an average rating of “Buy” and an average price target of $132.56.

Shares of CME Group (NASDAQ:CME) opened at 130.06 on Wednesday. CME Group has a one year low of $98.95 and a one year high of $130.15. The firm’s 50-day moving average is $125.07 and its 200-day moving average is $121.81. The stock has a market capitalization of $44.21 billion, a PE ratio of 26.55 and a beta of 0.72.

CME Group (NASDAQ:CME) last released its earnings results on Tuesday, August 1st. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $931.05 million. CME Group had a net margin of 46.05% and a return on equity of 7.61%. CME Group’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. On average, analysts expect that CME Group will post $4.81 earnings per share for the current fiscal year.

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In other CME Group news, Director Dennis Suskind sold 750 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $129.34, for a total value of $97,005.00. Following the transaction, the director now owns 5,059 shares of the company’s stock, valued at $654,331.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hilda Harris Piell sold 714 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $129.00, for a total transaction of $92,106.00. Following the completion of the transaction, the insider now directly owns 28,844 shares in the company, valued at approximately $3,720,876. The disclosure for this sale can be found here. Insiders sold 48,244 shares of company stock worth $6,021,890 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Buffington Mohr McNeal lifted its position in shares of CME Group by 0.3% during the first quarter. Buffington Mohr McNeal now owns 4,795 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 15 shares in the last quarter. Comerica Bank lifted its position in shares of CME Group by 17.4% during the first quarter. Comerica Bank now owns 100,011 shares of the financial services provider’s stock worth $11,513,000 after purchasing an additional 14,808 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of CME Group by 14.5% during the first quarter. Xact Kapitalforvaltning AB now owns 58,281 shares of the financial services provider’s stock worth $6,924,000 after purchasing an additional 7,377 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of CME Group by 2.3% during the first quarter. Pictet Asset Management Ltd. now owns 191,147 shares of the financial services provider’s stock worth $22,708,000 after purchasing an additional 4,300 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its position in shares of CME Group by 70.0% during the first quarter. MUFG Americas Holdings Corp now owns 11,241 shares of the financial services provider’s stock worth $1,335,000 after purchasing an additional 4,630 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

About CME Group

CME Group Inc, through its exchanges, provides products across all asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The Company’s segment primarily consists of the Chicago Mercantile Exchange Inc (CME), Board of Trade of the City of Chicago, Inc (CBOT), New York Mercantile Exchange, Inc (NYMEX) and Commodity Exchange, Inc (COMEX) exchanges.

Analyst Recommendations for CME Group (NASDAQ:CME)

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