CME Group Inc (CME) : Oppenheimerfunds reduced its stake in CME Group Inc by 0.47% during the most recent quarter end. The investment management company now holds a total of 4,870,949 shares of CME Group Inc which is valued at $505,653,216 after selling 23,169 shares in CME Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.CME Group Inc makes up approximately 0.63% of Oppenheimerfunds’s portfolio.
Other Hedge Funds, Including , Baird Financial Group boosted its stake in CME in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 99,827 shares of CME Group Inc which is valued at $10,363,041. CME Group Inc makes up approx 0.09% of Baird Financial Group’s portfolio. Catalyst Capital Advisors sold out all of its stake in CME during the most recent quarter. The investment firm sold 605 shares of CME which is valued $62,805.Wedbush Securities Inc reduced its stake in CME by selling 17 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 3,001 shares of CME which is valued at $309,913. CME Group Inc makes up approx 0.05% of Wedbush Securities Inc’s portfolio.Conning reduced its stake in CME by selling 222,155 shares or 96.52% in the most recent quarter. The Hedge Fund company now holds 8,020 shares of CME which is valued at $823,814. CME Group Inc makes up approx 0.03% of Conning’s portfolio.
CME Group Inc opened for trading at $106.02 and hit $106.31 on the upside on Tuesday, eventually ending the session at $106.03, with a gain of 0.23% or 0.24 points. The heightened volatility saw the trading volume jump to 6,71,349 shares. Company has a market cap of $35,929 M.
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.