Capital Counselny Lowers stake in CME Group Inc (CME)

CME Group Inc (CME) : Capital Counselny reduced its stake in CME Group Inc by 1.44% during the most recent quarter end. The investment management company now holds a total of 921,894 shares of CME Group Inc which is valued at $87 Million after selling 13,489 shares in CME Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.CME Group Inc makes up approximately 7.79% of Capital Counselny’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in CME in the latest quarter, The investment management firm added 5,019 additional shares and now holds a total of 1,441,020 shares of CME Group Inc which is valued at $135.9 Million. CME Group Inc makes up approx 0.12% of Alliancebernstein’s portfolio.New York State Common Retirement Fund boosted its stake in CME in the latest quarter, The investment management firm added 68,100 additional shares and now holds a total of 969,052 shares of CME Group Inc which is valued at $90 Million. CME Group Inc makes up approx 0.14% of New York State Common Retirement Fund’s portfolio.Proshare Advisors reduced its stake in CME by selling 23,280 shares or 19.23% in the most recent quarter. The Hedge Fund company now holds 97,751 shares of CME which is valued at $9.1 Million. CME Group Inc makes up approx 0.13% of Proshare Advisors’s portfolio.America First Investment Advisors boosted its stake in CME in the latest quarter, The investment management firm added 78 additional shares and now holds a total of 109,691 shares of CME Group Inc which is valued at $10.2 Million. CME Group Inc makes up approx 4.45% of America First Investment Advisors’s portfolio.

CME Group Inc closed down -0.23 points or -0.23% at $97.72 with 15,90,323 shares getting traded on Wednesday. Post opening the session at $98.1, the shares hit an intraday low of $97.34 and an intraday high of $98.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, CME Group Inc reported $1.15 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $1.15. The company had revenue of $934.00 million for the quarter, compared to analysts expectations of $942.88 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.

Investors should note that on May 17, 2016, CME Group Inc announced a cash dividend of $0.6000. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 27, 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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