Paloma Partners Management Co buys $25,217,318 stake in CME Group Inc (CME)

CME Group Inc (CME) : Paloma Partners Management Co scooped up 231,384 additional shares in CME Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 242,918 shares of CME Group Inc which is valued at $25,217,318.CME Group Inc makes up approximately 0.97% of Paloma Partners Management Co’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group added CME to its portfolio by purchasing 77,824 company shares during the most recent quarter which is valued at $8,078,909. CME Group Inc makes up approx 0.08% of Alyeska Investment Group’s portfolio.Nippon Life Insurance Co reduced its stake in CME by selling 505 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 19,954 shares of CME which is valued at $2,060,650. CME Group Inc makes up approx 0.05% of Nippon Life Insurance Co’s portfolio.

CME Group Inc opened for trading at $108.53 and hit $109.65 on the upside on Thursday, eventually ending the session at $108.7, with a gain of 0.32% or 0.35 points. The heightened volatility saw the trading volume jump to 15,93,809 shares. Company has a market cap of $36,834 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.

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 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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