Oppenheimerfunds buys $461.7 Million stake in CME Group Inc (CME)

CME Group Inc (CME) : Oppenheimerfunds scooped up 177,308 additional shares in CME Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,894,118 shares of CME Group Inc which is valued at $461.7 Million.CME Group Inc makes up approximately 0.61% of Oppenheimerfunds’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in CME in the latest quarter, The investment management firm added 377,961 additional shares and now holds a total of 710,630 shares of CME Group Inc which is valued at $67 Million. CME Group Inc makes up approx 0.32% of Credit Agricole S A’s portfolio.Great Lakes Advisors boosted its stake in CME in the latest quarter, The investment management firm added 23,346 additional shares and now holds a total of 34,915 shares of CME Group Inc which is valued at $3.3 Million. CME Group Inc makes up approx 0.09% of Great Lakes Advisors’s portfolio.Manufacturers Life Insurance Company The boosted its stake in CME in the latest quarter, The investment management firm added 2,583 additional shares and now holds a total of 339,906 shares of CME Group Inc which is valued at $32.1 Million. CME Group Inc makes up approx 0.05% of Manufacturers Life Insurance Company The’s portfolio.Spot Trading L.l.c reduced its stake in CME by selling 64 shares or 45.71% in the most recent quarter. The Hedge Fund company now holds 76 shares of CME which is valued at $7,169.State Board Of Administration Of Florida Retirement System reduced its stake in CME by selling 11,680 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 403,230 shares of CME which is valued at $37.5 Million. CME Group Inc makes up approx 0.14% of State Board Of Administration Of Florida Retirement System’s portfolio.

CME Group Inc opened for trading at $95.9 and hit $96.9 on the upside on Friday, eventually ending the session at $96.45, with a gain of 0.70% or 0.67 points. The heightened volatility saw the trading volume jump to 10,60,227 shares. Company has a market cap of $32,661,828 M.

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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