CME Group (NASDAQ:CME) Given New $266.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank lowered its price target for CME Group from $276.00 to $266.00, maintaining a "hold" rating, indicating a potential upside of only 0.13% from the previous close.
• Multiple research firms have issued varied ratings, with Wall Street Zen downgrading the stock from "hold" to "sell," while Morgan Stanley increased their price target to $312.00 with an "overweight" rating.
• Insider trading activity includes Director William R. Shepard purchasing 262 shares at approximately $265.19 each, while another insider sold nearly 12,000 shares, reflecting mixed sentiment among company insiders.

CME Group (NASDAQ:CME - Get Free Report) had its price target reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $276.00 to $266.00 in a report released on Thursday,MarketScreener reports. The firm currently has a "hold" rating on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 0.13% from the company's previous close.

A number of other research firms have also recently weighed in on CME. Wall Street Zen cut CME Group from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. JPMorgan Chase & Co. raised their price objective on CME Group from $246.00 to $252.00 and gave the stock an "underweight" rating in a research report on Thursday, September 25th. Weiss Ratings reissued a "buy (b)" rating on shares of CME Group in a research report on Wednesday. Piper Sandler lifted their price target on CME Group from $283.00 to $296.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley lifted their price target on CME Group from $303.00 to $312.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Six 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $279.23.

CME Group Stock Up 0.3%

Shares of NASDAQ:CME traded up $0.72 on Thursday, reaching $265.66. The company had a trading volume of 239,448 shares, compared to its average volume of 2,249,087. CME Group has a 52-week low of $213.94 and a 52-week high of $290.79. The firm's 50 day simple moving average is $269.26 and its 200-day simple moving average is $271.06. The firm has a market capitalization of $95.74 billion, a PE ratio of 25.69, a PEG ratio of 5.56 and a beta of 0.41. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

CME Group (NASDAQ:CME - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.05. CME Group had a return on equity of 14.60% and a net margin of 58.48%.The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the business posted $2.56 EPS. The business's revenue was up 10.4% compared to the same quarter last year. As a group, analysts expect that CME Group will post 10.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CME Group news, Director William R. Shepard purchased 262 shares of CME Group stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average price of $265.19 per share, with a total value of $69,479.78. Following the acquisition, the director owned 258,459 shares of the company's stock, valued at $68,540,742.21. This trade represents a 0.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sunil Cutinho sold 11,896 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was 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 directly owned 17,440 shares of the company's stock, valued at $4,734,436.80. The trade was a 40.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,043 shares of company stock worth $3,527,956. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On CME Group

Large investors have recently bought and sold shares of the company. Dynamic Advisor Solutions LLC raised its holdings in shares of CME Group by 3.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 2,468 shares of the financial services provider's stock valued at $667,000 after acquiring an additional 90 shares during the last quarter. Teamwork Financial Advisors LLC raised its holdings in shares of CME Group by 7.9% during the third quarter. Teamwork Financial Advisors LLC now owns 906 shares of the financial services provider's stock valued at $245,000 after acquiring an additional 66 shares during the last quarter. Czech National Bank raised its holdings in shares of CME Group by 3.9% during the third quarter. Czech National Bank now owns 91,529 shares of the financial services provider's stock valued at $24,730,000 after acquiring an additional 3,446 shares during the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of CME Group by 2.7% during the third quarter. Chesley Taft & Associates LLC now owns 1,688 shares of the financial services provider's stock valued at $456,000 after acquiring an additional 45 shares during the last quarter. Finally, GFG Capital LLC raised its holdings in shares of CME Group by 14.9% during the third quarter. GFG Capital LLC now owns 8,458 shares of the financial services provider's stock valued at $2,285,000 after acquiring an additional 1,095 shares during the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

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