CME Group Inc (NASDAQ: CME) is 2.23% higher on its value in year-to-date trading and has touched a low of $171.43 and a high of $222.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CME stock was last observed hovering at around $215.60 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $215.29, the stock is -0.81% and 1.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing -0.14% at the moment leaves the stock 6.51% off its SMA200. CME registered 17.81% gain for a year compared to 6-month gain of 10.14%. The firm has a 50-day simple moving average (SMA 50) of $13.96 and a 200-day simple moving average (SMA200) of $16.70.
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The stock witnessed a -2.51% loss in the last 1 month and extending the period to 3 months gives it a 2.26%, and is -0.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.33% over the week and 1.46% over the month.
CME Group Inc (CME) has around 3565 employees, a market worth around $77.50B and $5.58B in sales. Current P/E ratio is 24.30 and Fwd P/E is 21.90. Profit margin for the company is 57.10%. Distance from 52-week low is 25.58% and -3.30% from its 52-week high. The company has generated returns on investments over the last 12 months (10.42%).
CME Group Inc quarterly earnings per share for the current quarter are estimated at $2.45 with sales reaching $1.47B over the same period.The EPS is expected to grow by 2.26% this year, but quarterly earnings will post 4.80% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.
CME Group Inc (CME) Top Institutional Holders
1,849 institutions hold shares in CME Group Inc (CME), with institutional investors hold 90.27% of the company’s shares. The shares outstanding are 359.23M, and float is at 358.71M with Short Float at 1.04%. Institutions hold 89.86% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 33.31 million shares valued at $6.17 billion. The investor’s holdings represent 9.26% of the CME Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 23.61 million shares valued at $4.38 billion to account for 6.56% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 15.98 million shares representing 4.44% and valued at over $2.96 billion, while State Street Corporation holds 4.43% of the shares totaling 15.95 million with a market value of $2.96 billion.
CME Group Inc (CME) Insider Activity
The most recent transaction is an insider purchase by SHEPARD WILLIAM R,the company’sDirector. SEC filings show that SHEPARD WILLIAM R bought 282 shares of the company’s common stock on Mar 26 ’24 at a price of $214.71 per share for a total of $60561.0. Following the purchase, the insider now owns 0.25 million shares.
CME Group Inc disclosed in a document filed with the SEC on Mar 26 ’24 that SHEPARD WILLIAM R (Director) bought a total of 12 shares of the company’s common stock. The trade occurred on Mar 26 ’24 and was made at $214.71 per share for $2670.0. Following the transaction, the insider now directly holds 2334.0 shares of the CME stock.
Still, SEC filings show that on Jan 31 ’24, McCourt Timothy Francis (Sr MD Global Head Equity & FX) disposed off 35 shares at an average price of $206.78 for $7237.0. The insider now directly holds 6,447 shares of CME Group Inc (CME).
