CME Group Inc. (NASDAQ:CME) Short Interest Update

CME Group Inc. (NASDAQ:CMEGet Rating) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,440,000 shares, a growth of 7.5% from the August 15th total of 3,200,000 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 2.4 days.

Insider Transactions at CME Group

In other news, insider Hilda Harris Piell sold 4,901 shares of CME Group stock in a transaction on Monday, August 15th. The shares were sold at an average price of $203.88, for a total transaction of $999,215.88. Following the completion of the sale, the insider now directly owns 33,140 shares of the company’s stock, valued at approximately $6,756,583.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Timothy Francis Mccourt sold 360 shares of CME Group stock in a transaction on Monday, September 19th. The shares were sold at an average price of $190.77, for a total value of $68,677.20. Following the transaction, the insider now owns 5,431 shares in the company, valued at approximately $1,036,071.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hilda Harris Piell sold 4,901 shares of CME Group stock in a transaction on Monday, August 15th. The stock was sold at an average price of $203.88, for a total transaction of $999,215.88. Following the completion of the transaction, the insider now owns 33,140 shares in the company, valued at approximately $6,756,583.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,511 shares of company stock valued at $2,123,186. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CME Group

Several hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of CME Group in the fourth quarter worth approximately $750,203,000. Capital International Investors lifted its stake in shares of CME Group by 26.9% in the fourth quarter. Capital International Investors now owns 13,188,121 shares of the financial services provider’s stock worth $3,013,006,000 after buying an additional 2,795,636 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of CME Group by 132.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,382,773 shares of the financial services provider’s stock worth $804,626,000 after buying an additional 1,924,772 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of CME Group by 224.1% in the first quarter. TD Asset Management Inc. now owns 992,012 shares of the financial services provider’s stock worth $235,960,000 after buying an additional 685,884 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of CME Group in the first quarter worth approximately $145,971,000. Institutional investors own 85.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CME. Jefferies Financial Group began coverage on shares of CME Group in a research report on Tuesday, May 31st. They issued a “buy” rating and a $267.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of CME Group from $208.00 to $212.00 and gave the stock a “hold” rating in a research report on Friday, August 12th. Raymond James cut shares of CME Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 15th. Atlantic Securities upgraded shares of CME Group from a “neutral” rating to an “overweight” rating and set a $235.00 price objective on the stock in a research report on Friday, June 10th. Finally, Rosenblatt Securities began coverage on shares of CME Group in a research report on Tuesday, August 16th. They issued a “sell” rating and a $171.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, CME Group has a consensus rating of “Hold” and an average target price of $230.80.

CME Group Price Performance

Shares of NASDAQ CME opened at $187.25 on Wednesday. CME Group has a 1 year low of $185.17 and a 1 year high of $256.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day moving average is $199.58 and its 200 day moving average is $211.25. The stock has a market capitalization of $67.30 billion, a P/E ratio of 23.23, a P/E/G ratio of 3.09 and a beta of 0.40.

CME Group (NASDAQ:CMEGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.97 EPS for the quarter, topping the consensus estimate of $1.92 by $0.05. CME Group had a net margin of 60.43% and a return on equity of 9.65%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. CME Group’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that CME Group will post 7.96 earnings per share for the current year.

CME Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 27th. Investors of record on Friday, September 9th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, September 8th. CME Group’s payout ratio is currently 49.63%.

About CME Group

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CME Group Inc, together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals, as well as fixed income products.

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