Iron Financial Lowers stake in CME Group Inc (CME)

CME Group Inc (CME) : Iron Financial reduced its stake in CME Group Inc by 8.98% during the most recent quarter end. The investment management company now holds a total of 92,749 shares of CME Group Inc which is valued at $8,480,969 after selling 9,145 shares in CME Group Inc , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.CME Group Inc makes up approximately 11.66% of Iron Financial’s portfolio.

CME Group Inc opened for trading at $91.15 and hit $91.61 on the upside on Friday, eventually ending the session at $91.44, with a gain of 0.52% or 0.47 points. The heightened volatility saw the trading volume jump to 24,18,301 shares. Company has a market cap of $30,945 M.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CME in the latest quarter, The investment management firm added 9,366 additional shares and now holds a total of 72,390 shares of CME Group Inc which is valued at $6,619,342. CME Group Inc makes up approx 0.15% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Creative Planning boosted its stake in CME in the latest quarter, The investment management firm added 462 additional shares and now holds a total of 17,244 shares of CME Group Inc which is valued at $1,546,787. CME Group Inc makes up approx 0.01% of Creative Planning’s portfolio.Burns J W Co Incny boosted its stake in CME in the latest quarter, The investment management firm added 406 additional shares and now holds a total of 13,106 shares of CME Group Inc which is valued at $1,175,608. CME Group Inc makes up approx 0.37% of Burns J W Co Incny’s portfolio.Nadler Financial Group boosted its stake in CME in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 6,200 shares of CME Group Inc which is valued at $556,140. CME Group Inc makes up approx 0.25% of Nadler Financial Group’s portfolio.Beacon Financial Group reduced its stake in CME by selling 292 shares or 6.11% in the most recent quarter. The Hedge Fund company now holds 4,487 shares of CME which is valued at $435,015. CME Group Inc makes up approx 0.09% of Beacon Financial Group’s portfolio.

On the company’s financial health, CME Group Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $0.90. The company had revenue of $813.80 million for the quarter, compared to analysts expectations of $808.76 million. The company’s revenue was down -3.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 EPS.

Many Wall Street Analysts have commented on CME Group Inc. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Underperform”, Firm has raised the Price Target to $ 86 from a previous price target of $83 .CME Group Inc was Upgraded by JP Morgan to ” Overweight” on Jan 13, 2016.

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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