CME Group Inc (NASDAQ:CME) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $208.15 and last traded at $207.85, with a volume of 108675 shares changing hands. The stock had previously closed at $201.88.
Several analysts recently issued reports on CME shares. Wells Fargo & Co boosted their price target on CME Group from $176.00 to $200.00 and gave the company a “market perform” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded CME Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Rosenblatt Securities downgraded CME Group from a “neutral” rating to a “sell” rating in a research note on Thursday, April 18th. Barclays lifted their price objective on CME Group from $191.00 to $197.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Bank of America set a $180.00 price objective on CME Group and gave the company a “hold” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $192.14.
The stock has a market cap of $73.25 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 4.58 and a beta of 0.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a 50-day simple moving average of $201.27.
In related news, Director Timothy S. Bitsberger sold 700 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $194.35, for a total transaction of $136,045.00. Following the sale, the director now owns 9,421 shares in the company, valued at approximately $1,830,971.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Terrence A. Duffy sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $200.15, for a total value of $7,005,250.00. Following the sale, the chief executive officer now owns 79,057 shares in the company, valued at approximately $15,823,258.55. The disclosure for this sale can be found here. Insiders sold a total of 88,873 shares of company stock worth $17,497,999 in the last quarter. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in CME. Truvestments Capital LLC acquired a new position in CME Group during the 1st quarter worth approximately $32,000. Close Asset Management Ltd acquired a new position in CME Group during the 1st quarter worth approximately $34,000. Advantage Investment Management LLC raised its stake in CME Group by 119.0% during the 2nd quarter. Advantage Investment Management LLC now owns 184 shares of the financial services provider’s stock worth $36,000 after buying an additional 100 shares during the period. Westside Investment Management Inc. acquired a new position in CME Group during the 2nd quarter worth approximately $38,000. Finally, Permanens Capital L.P. purchased a new stake in shares of CME Group in the first quarter worth approximately $41,000. Institutional investors own 84.58% of the company’s stock.
CME Group Company Profile (NASDAQ:CME)
CME Group Inc, through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products.
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