Jefferies Financial Group Has Lowered Expectations for CME Group (NASDAQ:CME) Stock Price

CME Group (NASDAQ:CME) had its target price cut by investment analysts at Jefferies Financial Group from $313.00 to $304.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 11.99% from the company’s current price.

A number of other research analysts have also issued reports on CME. Weiss Ratings reiterated a “buy (b)” rating on shares of CME Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on CME Group from $276.00 to $266.00 and set a “hold” rating for the company in a report on Thursday. Piper Sandler lifted their target price on CME Group from $283.00 to $296.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. TD Cowen lifted their target price on CME Group from $281.00 to $288.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Oppenheimer lifted their target price on CME Group from $300.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, CME Group currently has an average rating of “Hold” and an average price target of $281.00.

CME Group Stock Performance

Shares of CME stock opened at $271.45 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.12. CME Group has a 52 week low of $213.94 and a 52 week high of $290.79. The stock has a market capitalization of $97.83 billion, a PE ratio of 26.28, a P/E/G ratio of 5.72 and a beta of 0.41. The firm has a 50 day moving average of $268.89 and a two-hundred day moving average of $271.22.

CME Group (NASDAQ:CME) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.91 by $0.05. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. CME Group had a net margin of 58.48% and a return on equity of 14.60%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.56 earnings per share. On average, research analysts predict that CME Group will post 10.49 EPS for the current fiscal year.

Insider Activity at CME Group

In other news, insider Sunil Cutinho sold 11,896 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $271.47, for a total value of $3,229,407.12. Following the completion of the transaction, the insider owned 17,440 shares in the company, valued at approximately $4,734,436.80. This represents a 40.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy Francis Mccourt sold 379 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $259.83, for a total transaction of $98,475.57. Following the completion of the transaction, the insider owned 9,508 shares of the company’s stock, valued at approximately $2,470,463.64. The trade was a 3.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,043 shares of company stock worth $3,527,956. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Heartland Bank & Trust Co acquired a new position in shares of CME Group in the 1st quarter valued at $377,000. Catalyst Capital Advisors LLC boosted its holdings in shares of CME Group by 256.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 3,662 shares of the financial services provider’s stock valued at $971,000 after buying an additional 2,636 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in CME Group during the 1st quarter worth $367,000. Fulcrum Equity Management acquired a new stake in CME Group during the 1st quarter worth $258,000. Finally, AIA Group Ltd boosted its stake in CME Group by 17.8% during the 1st quarter. AIA Group Ltd now owns 16,645 shares of the financial services provider’s stock worth $4,416,000 after purchasing an additional 2,510 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

About CME Group

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 and foreign currency trading services.