Somewhat Favorable Media Coverage Somewhat Unlikely to Affect CME Group (CME) Stock Price
Press coverage about CME Group (NASDAQ:CME) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CME Group earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.1113489921873 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- CME Group Inc (CME) Insider Sells $369,557.37 in Stock (americanbankingnews.com)
- Bitcoin Startup Predicts Cryptocurrency Market Will Grow As Much As $100 Billion in 2018 (finance.yahoo.com)
- Forex- Dollar Edges Down as Bitcoin Surges (finance.yahoo.com)
- U.S. fund firms make new push for bitcoin ETFs as futures debut (finance.yahoo.com)
- Factbox: Cboe launches bitcoin futures contracts, CME to follow (finance.yahoo.com)
Several analysts have recently weighed in on CME shares. BidaskClub upgraded CME Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 27th. Barclays lifted their target price on CME Group from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. UBS reiterated a “buy” rating and set a $135.00 target price (up from $134.00) on shares of CME Group in a research report on Wednesday, September 6th. Royal Bank Of Canada lifted their target price on CME Group from $135.00 to $147.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $127.00 target price on shares of CME Group in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $141.75.
CME Group (NASDAQ:CME) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.03. The firm had revenue of $890.80 million during the quarter, compared to the consensus estimate of $890.22 million. CME Group had a return on equity of 7.89% and a net margin of 40.94%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. analysts predict that CME Group will post 4.78 EPS for the current year.
The company also recently announced a None dividend, which will be paid on Monday, January 15th. Shareholders of record on Thursday, December 28th will be issued a $3.50 dividend. The ex-dividend date is Wednesday, December 27th. CME Group’s dividend payout ratio is presently 59.86%.
In other CME Group news, CFO John W. Pietrowicz sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $136.83, for a total value of $342,075.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Winkler sold 2,457 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $150.41, for a total transaction of $369,557.37. Following the completion of the transaction, the insider now owns 16,318 shares of the company’s stock, valued at $2,454,390.38. The disclosure for this sale can be found here. Insiders sold 36,628 shares of company stock valued at $5,288,800 over the last quarter. 0.57% of the stock is currently owned by corporate insiders.
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CME Group Company Profile
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.
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