In the latest trading session, 1.07 million CME Group Inc (NASDAQ:CME) shares changed hands as the company’s beta touched 0.55. With the company’s most recent per share price at $215.40 changed hands at -$3.08 or -1.41% at last look, the market valuation stands at $77.57B. CME’s current price is a discount, trading about -3.36% off its 52-week high of $222.63. The share price had its 52-week low at $190.70, which suggests the last value was 11.47% up since then. When we look at CME Group Inc’s average trading volume, we note the 10-day average is 2.17 million shares, with the 3-month average coming to 2.16 million.
Analysts gave the CME Group Inc (CME) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.56. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended CME as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. CME Group Inc’s EPS for the current quarter is expected to be 2.48.
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CME Group Inc (NASDAQ:CME) trade information
Instantly CME was in red as seen in intraday trades today. With action -0.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.28%, with the 5-day performance at -0.28% in the red. However, in the 30-day time frame, CME Group Inc (NASDAQ:CME) is 4.27% up. Looking at the short shares, we see there were 3.84 million shares sold at short interest cover period of 2.06 days.
The consensus price target for the stock as assigned by Wall Street analysts is 208.5, meaning bulls need a downside of -3.31% from its recent market value. According to analyst projections, CME’s forecast low is 151 with 280 as the target high. To hit the forecast high, the stock’s price needs a -29.99% plunge from its current level, while the stock would need to tank 29.9% for it to hit the projected low.
CME Group Inc (CME) estimates and forecasts
Data shows that the CME Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.08% over the past 6 months, a 6.42% in annual growth rate that is considerably higher than the industry average of 5.20%. Year-over-year growth is forecast to reach 7.80% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 1.51B. 11 analysts are of the opinion that CME Group Inc’s revenue for the current quarter will be 1.5B. The estimates for the next quarter sales put growth at 4.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.19%. The 2024 estimates are for CME Group Inc earnings to increase by 6.29%, but the outlook for the next 5-year period is at 2.93% per year.
CME Dividends
CME Group Inc is expected to release its next quarterly earnings report on 2024-Jul-24. The 2.10% annual yield figure for the share gives it an annual dividend of 4.52. It is important to note, however, that the 2.10% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.18 per year.
CME Group Inc (NASDAQ:CME)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.43% of CME Group Inc shares while 89.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.05%. There are 89.66% institutions holding the CME Group Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.344% of the shares, roughly 33.57 million CME shares worth $6.6 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1435% or 25.66 million shares worth $5.05 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 11.37 shares estimated at $2.45 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.57% of the shares, roughly 9.24 shares worth around $1.99 billion.
