KBW Keeps a Hold Rating on CME Group


In a report issued on July 11, Kyle Voigt from KBW reiterated a Hold rating on CME Group (NASDAQ: CME), with a price target of $170. The company’s shares closed yesterday at $166.91, close to its 52-week high of $174.36.

According to TipRanks.com, Voigt is a 4-star analyst with an average return of 16.9% and a 85.0% success rate. Voigt covers the Financial sector, focusing on stocks such as Interactive Brokers, E*Trade Financial, and Charles Schwab.

CME Group has an analyst consensus of Moderate Buy, with a price target consensus of $176.67, which is a 5.8% upside from current levels. In a report issued on July 9, Wells Fargo also reiterated a Hold rating on the stock with a $175 price target.

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Based on CME Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.11 billion and net profit of $599 million. In comparison, last year the company had a net profit of $416 million.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Last month, Kathleen Cronin, the Sr MD Gen Counsel & Corp Secr of CME sold 5,320 shares for a total of $876,470.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CME Group, Inc. operates as a security and commodity exchange company. It provides the risk management and investment needs of customers around the globe. The company offers a wide range of products across various asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.

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