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. The company also provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges; and trade processing and risk mitigation services. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.
CME Group Stock Up 1.8 %
Shares of CME traded up $3.58 during trading hours on Friday, reaching $202.60. The stock had a trading volume of 1,445,678 shares, compared to its average volume of 1,351,430. CME Group has a 12 month low of $185.79 and a 12 month high of $256.94. The firm has a 50-day simple moving average of $202.73 and a 200 day simple moving average of $218.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $72.82 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 3.20 and a beta of 0.40.
CME Group (NASDAQ:CME - Get Rating) last issued its earnings results on Wednesday, July 27th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.08. CME Group had a return on equity of 9.65% and a net margin of 60.43%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.64 EPS. CME Group's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that CME Group will post 7.97 earnings per share for the current fiscal year.
CME Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 27th. Investors of record on Friday, September 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 8th. CME Group's payout ratio is currently 49.63%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on CME shares. UBS Group cut their price target on shares of CME Group from $246.00 to $240.00 and set a "buy" rating on the stock in a report on Tuesday, August 2nd. Jefferies Financial Group assumed coverage on shares of CME Group in a report on Tuesday, May 31st. They set a "buy" rating and a $267.00 price objective for the company. Morgan Stanley reduced their price target on shares of CME Group from $242.00 to $226.00 and set an "equal weight" rating for the company in a report on Thursday, July 28th. Credit Suisse Group dropped their price objective on shares of CME Group from $218.00 to $216.00 and set a "neutral" rating for the company in a research note on Wednesday, August 3rd. Finally, Citigroup increased their price objective on shares of CME Group from $275.00 to $280.00 in a research note on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $237.60.