Stock Update: CME Group Inc (NASDAQ:CME) – CME Group to publish daily bitcoin settlement price

[Reuters] – CME Group Inc plans to begin publishing a daily settlement price for bitcoin and real-time price data as the futures market operator moves into the world of the digital currency. Starting in the fourth quarter, the new settlement price will be published in U.S. dollars at 4 p.m. London time on each trading day, CME said on Monday. Real-time prices will be published about once a second and calculated by Crypto Facilities, a London-based trading platform for digital assets, the companies said. Read more on this. CME Group Inc. (CME) , currently valued at $31.56B, began trading this morning at $92.60. A quick look at the market, the company’s stock traded between $92.19 and $93.70 and has traded between $81.87 and $100.87 over the past 12 months. CME Group (CME) shares are currently priced at 21.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.40x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 2.61%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.09 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $4.34, which would be a $0.48 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $902.85 Million. If reported, that would be a 10.10% increase over the year-ago quarter. Recently, JP Morgan upgraded CME from Neutral to Overweight (Jan 13, 2016). Previously, BofA/Merrill upgraded CME from Neutral to Buy. The average price target for CME shares by the analysts covering the stock is $99.69, which is 7.66% above where the stock opened this morning. See more in (NASDAQ:CME) Similar Articles: Stock Update: CME Group Inc (NASDAQ:CME) – Futures market operator CME Group’s profit rises 11.3 pct Stock Update (NASDAQ:CME): CME Group Achieved Record Average Daily Volume of 16.9 Million Contracts per Day in First-Quarter 2016, up 13 Percent from First-Quarter 2015 Stock Update: CME Group Inc (NASDAQ:CME) – CME Group Achieved Record Average Daily Volume of 18.7 million Contracts per Day in February 2016, up 18 Percent from February 2015