Castleark Management Lowers stake in CME Group Inc (CME)

CME Group Inc (CME) : Castleark Management reduced its stake in CME Group Inc by 7.62% during the most recent quarter end. The investment management company now holds a total of 440,040 shares of CME Group Inc which is valued at $45,680,552 after selling 36,320 shares in CME Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.CME Group Inc makes up approximately 1.39% of Castleark Management’s portfolio.

Other Hedge Funds, Including , Capital Counselny reduced its stake in CME by selling 31,353 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 890,541 shares of CME which is valued at $92,447,061. CME Group Inc makes up approx 8.22% of Capital Counselny’s portfolio. Quantitative Systematic Strategies added CME to its portfolio by purchasing 10,693 company shares during the most recent quarter which is valued at $1,093,252. CME Group Inc makes up approx 0.47% of Quantitative Systematic Strategies’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in CME in the latest quarter, The investment management firm added 4,821 additional shares and now holds a total of 6,770 shares of CME Group Inc which is valued at $689,118. CME Group Inc makes up approx 0.01% of Old Mutual Global Investors (uk) Ltd.’s portfolio.Cibc World Markets boosted its stake in CME in the latest quarter, The investment management firm added 2,007 additional shares and now holds a total of 10,961 shares of CME Group Inc which is valued at $1,115,720.

CME Group Inc closed down -0.43 points or -0.40% at $105.9 with 9,38,421 shares getting traded on Friday. Post opening the session at $106.26, the shares hit an intraday low of $105.44 and an intraday high of $106.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, CME Group Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.11. The company had revenue of $906.40 million for the quarter, compared to analysts expectations of $910.92 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Investors should note that on Aug 3, 2016, CME Group Inc announced a cash dividend of $0.6000. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on CME Group Inc. Sterne Agee CRT Initiated CME Group Inc on May 20, 2016 to “Neutral”, Price Target of the shares are set at $90.

CME Group Inc.is the holding company for Chicago Mercantile Exchange Inc. CBOT New York Mercantile Exchange Inc. (NYMEX) Commodity Exchange Inc. (COMEX) and their respective subsidiaries as well as CME Clearing Europe Limited (CMECE) and CME Europe Limited (CME Europe). The Company also clear futures options on futures and swaps contracts through its two clearing organizations: CME Clearing which is a division of CME and CMECE. The Company offers its customers the opportunity to trade futures contracts and options on futures contracts on a range of products including those -based on interest rates equities foreign exchange agricultural commodities energy and metals. It also clear swaps contracts on a range of products including those -based on interest rates credit default foreign exchange agricultural commodities energy and metals. Its exchange consists of designated contract markets for the trading of futures and options on futures contracts.

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