CME Group Inc (NASDAQ:CME) Director Timothy S. Bitsberger Sells 700 Shares

CME Group Inc (NASDAQ:CME) 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 value of $136,045.00. Following the completion of the transaction, the director now owns 9,421 shares of the company’s stock, valued at $1,830,971.35. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of CME opened at $192.03 on Thursday. The company’s fifty day simple moving average is $191.66. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. CME Group Inc has a 12 month low of $158.35 and a 12 month high of $204.56. The stock has a market cap of $70.80 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 4.52 and a beta of 0.24.

CME Group (NASDAQ:CME) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.02. CME Group had a return on equity of 9.29% and a net margin of 42.47%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $1.86 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Equities analysts expect that CME Group Inc will post 6.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, June 10th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.56%. CME Group’s payout ratio is 43.99%.

CME has been the subject of a number of recent analyst reports. BidaskClub raised CME Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Zacks Investment Research raised CME Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. ValuEngine lowered CME Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, UBS Group decreased their target price on CME Group from $179.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $188.87.

Several institutional investors have recently modified their holdings of the company. Berman Capital Advisors LLC raised its position in shares of CME Group by 23.9% in the first quarter. Berman Capital Advisors LLC now owns 342 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 66 shares during the period. Dubuque Bank & Trust Co. raised its position in shares of CME Group by 83.1% in the first quarter. Dubuque Bank & Trust Co. now owns 152 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 69 shares during the period. Front Barnett Associates LLC raised its position in shares of CME Group by 5.4% in the fourth quarter. Front Barnett Associates LLC now owns 1,433 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 73 shares during the period. Van Hulzen Asset Management LLC raised its position in shares of CME Group by 3.9% in the fourth quarter. Van Hulzen Asset Management LLC now owns 2,012 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 76 shares during the period. Finally, ETF Managers Group LLC raised its position in shares of CME Group by 9.5% in the first quarter. ETF Managers Group LLC now owns 898 shares of the financial services provider’s stock worth $148,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

About CME Group

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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