November 25, 2016 - By Adrian Mccoy · 0 Comments
Cme Group Inc (NASDAQ:CME) institutional sentiment decreased to 1.37 in 2016 Q2. Its down -0.02, from 1.39 in 2016Q1. The ratio has dropped, as 292 institutional investors increased or opened new stock positions, while 210 cut down and sold positions in Cme Group Inc. The institutional investors in our partner’s database now have: 260.02 million shares, down from 263.08 million shares in 2016Q1. Also, the number of institutional investors holding Cme Group Inc in their top 10 stock positions increased from 21 to 23 for an increase of 2. Sold All: 40 Reduced: 170 Increased: 235 New Position: 57.
CME Group Inc. is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The company has a market cap of $38.37 billion. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. It has a 26.3 P/E ratio. The Firm connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.
The stock increased 0.17% or $0.19 during the last trading session, hitting $112.78. About 685,654 shares traded hands. CME Group Inc (NASDAQ:CME) has risen 19.52% since April 22, 2016 and is uptrending. It has outperformed by 14.11% the S&P500.
Analysts await CME Group Inc (NASDAQ:CME) to report earnings on February, 3. They expect $1.00 earnings per share, up 8.70% or $0.08 from last year’s $0.92 per share. CME’s profit will be $340.22 million for 28.20 P/E if the $1.00 EPS becomes a reality. After $1.05 actual earnings per share reported by CME Group Inc for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.
According to Zacks Investment Research, “Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc, the largest futures exchange in the United States based on notional value, trading volume and open interest. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities.”
Vgi Partners Pty Ltd holds 17.8% of its portfolio in CME Group Inc for 630,490 shares. Iron Financial Llc owns 92,450 shares or 11.6% of their US portfolio. Moreover, Capital Counsel Llc Ny has 8% invested in the company for 890,541 shares. The Ohio-based Cincinnati Financial Corp has invested 5.36% in the stock. Underhill Investment Management Llc, a California-based fund reported 88,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 29 selling transactions for $18.00 million net activity.
Ratings analysis reveals 42% of CME Group’s analysts are positive. Out of 12 Wall Street analysts rating CME Group, 5 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $2.78 while the high is $118. The stock’s average target of $94.40 is -16.30% below today’s ($112.78) share price. CME was included in 26 notes of analysts from August 3, 2015. On Wednesday, January 13 the stock rating was upgraded by JP Morgan to “Overweight”. The firm has “Buy” rating given on Wednesday, August 31 by Jefferies. The stock has “Underperform” rating given by CLSA on Thursday, July 14. The firm earned “Buy” rating on Friday, July 29 by UBS. The rating was maintained by RBC Capital Markets on Friday, October 28 with “Underperform”. Bank of America upgraded the shares of CME in a report on Wednesday, October 7 to “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Monday, November 14. The stock has “Neutral” rating given by JP Morgan on Friday, September 4. The stock has “Buy” rating given by Deutsche Bank on Friday, July 29. RBC Capital Markets initiated the shares of CME in a report on Wednesday, December 9 with “Underperform” rating.
CME Group Inc., incorporated on August 2, 2001, is a well-known provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Firm connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City, and provides hosting, connectivity and customer support for electronic trading through its co-location services. The Company’s CME Direct technology offers side-by-side trading of exchange-listed and privately negotiated markets. The Firm provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps, and provides regulatory reporting solutions for market participants through its global repository services in the United States, United Kingdom, Canada and Australia. The Firm offers a range of market data services, including live quotes, delayed quotes, market reports and a historical data service.
More notable recent CME Group Inc (NASDAQ:CME) news were published by: Wsj.com which released: “CME Group’s CEO to Retire at Year’s End” on November 11, 2016, also Prnewswire.com with their article: “CME Group Inc. Reports Strong Third-Quarter 2016 Financial Results” published on October 27, 2016, Seekingalpha.com published: “Why CME Group Hit The Wall” on November 18, 2016. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Prnewswire.com and their article: “CME Group Announces First Trades of Alumina FOB Australia (Platts) Futures” published on October 26, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: CME Group Inc., 25.0% Follow-Through Indicator, 0.9 …” with publication date: October 27, 2016.
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By Adrian Mccoy