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Insider Trading At CME Group Inc. (NASDAQ: CME): What Did We Note?

CME Group Inc. (NASDAQ:CME) traded at $175.96 at last check on Wednesday, November 23, made an upward move of 0.98% on its previous day’s price.

Looking at the stock we see that its previous close was $174.25 and the beta (5Y monthly) reads 0.41 with the day’s price range being $174.02 – $177.60. The company has a trailing 12-month PE ratio of 23.77. In terms of its 52-week price range, CME has a high of $256.94 and a low of $166.58. The company’s stock has gained about 1.30% over that past 30 days.

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CME Group Inc. has a market cap of $63.06 billion and is expected to release its quarterly earnings report on Feb 07, 2023 – Feb 13, 2023. With its Forward Dividend at 4.00 and a yield of 2.30%, the company’s investors could be anxious for the CME stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.92, with the EPS growth for the year raised at $7.97 for 2022 and $8.35 for next year. These figures represent 19.50% and 4.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.23 billion, with a low of $1.18 billion and a high of $1.28 billion. The median projection represents growth squeezing down to 7.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $5.05 billion, or 7.60% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CME stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note that the PEG ratio for the CME stock currently stands at 3.10, and the most recent price level today is 1.63% off its SMA20 and -0.09% from its 50-day simple moving average. The RSI (14) is pointing at 53.20 while the volatility over the past week is 1.78% and jumps to 2.18% over the past one month. The beta value is 0.41, while the average true range (ATR) is currently pointing at 3.74. The average price target for the stock over the next 12 months is $203.87, with the estimates having a low of $155.00 and a high of $270.00. These price ends are 11.91% and -53.44% off the today’s price level respectively, although investors could be excited at the prospect of a -18.21% if the CME share price touches on the median price of $208.00.

Let’s briefly compare CME Group Inc. (CME) stock to its peers. We find that today’s price change of 0.98% and -21.21% over the past 12 months for CME competes that of Intercontinental Exchange Inc. (ICE), which has seen its stock price rise 0.31% in the latest trading session and is -20.27% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.55% and 0.28%, respectively, in early deals.

Coming back to CME Group Inc. (NASDAQ:CME), we note that the average 3-month trading volume was 1.76 million, while that of the preceding 10-day period stands at 2.22 million. Current shares outstanding are 358.71 million.

The insiders hold 0.20% of the company’s shares while institutions hold 88.30%. The data shows that short shares as of Oct 30, 2022, stood at 3.95 million at a short ratio of 2.03. This represents a 1.10% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 4.47 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -23.73% down in year-to-date price movement.

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