CME Group (NASDAQ:CME) Stock: Insider Daniel Kaye Sells 532 Shares

CME Group Inc. (NASDAQ:CME) Director Daniel Kaye sold 532 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $304.17, for a total value of $161,818.44. Following the sale, the director directly owned 4,313 shares of the company’s stock, valued at $1,311,885.21. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CME Group Stock Up 2.2%

Shares of CME opened at $315.86 on Thursday. The firm has a market cap of $113.06 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.77 and a beta of 0.15. CME Group Inc. has a 12-month low of $218.31 and a 12-month high of $329.16. The company’s 50-day moving average price is $284.54 and its 200 day moving average price is $281.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

CME Group (NASDAQ:CME) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.03. CME Group had a net margin of 63.33% and a return on equity of 16.23%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $2.68 earnings per share. CME Group’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that CME Group Inc. will post 12.35 earnings per share for the current year.

CME Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Friday, December 11th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, December 11th. CME Group’s payout ratio is 42.66%.

Hedge Funds Weigh In On CME Group

Institutional investors have recently bought and sold shares of the company. First Community Trust NA purchased a new position in shares of CME Group in the third quarter valued at approximately $26,000. North Point Portfolio Managers Corp OH acquired a new position in shares of CME Group in the third quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of CME Group in the second quarter valued at approximately $28,000. Compass Financial Management LLC increased its stake 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 buying an additional 99 shares during the period. Finally, Main Street Group LTD purchased a new stake in CME Group during the 1st quarter worth approximately $32,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CME shares. Wall Street Zen raised shares of CME Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st. Barclays lifted their target price on shares of CME Group from $281.00 to $321.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Morgan Stanley boosted their target price on CME Group from $337.00 to $359.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. CLSA set a $367.00 price target on CME Group in a research note on Thursday, October 22nd. Finally, Deutsche Bank cut CME Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $286.00 to $270.00 in a research note on Wednesday, August 19th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $314.44.

About CME Group

CME Group operates a global marketplace for derivatives and other financial products. Through its exchanges—CME, CBOT, NYMEX and COMEX—it offers futures and options contracts tied to interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company also provides clearing and settlement services, market data and related products. Its electronic trading platform, CME Globex, supports access to its markets by participants around the world, alongside its open-outcry and privately negotiated trading services.