November 28, 2016 - By Ellis Scott
It was shown in a form which was filled with the Security and Exchange Commission that Terrence Duffy, who works for Cme Group Inc, and is currently the Chairman & CEO finalized an insider sale on 28/11/2016. Terrence sold 17,375 shares of the public firm at an average $112.6 US Dollars of a share. As disclosed in the electronic report freely available here, the aggregate amount of the sale was $1,956,078 US Dollars. Now, Terrence Duffy has 110,364 shares or 0.03% of the company’s total market capitalization.
Out of 12 analysts covering CME Group (NASDAQ:CME), 5 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 42% are positive. $118 is the highest target while $2.78 is the lowest. The $94.40 average target is -15.48% below today’s ($111.69) stock price. CME Group has been the topic of 26 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, November 14 by JP Morgan. JP Morgan maintained it with “Neutral” rating and $97 target price in Friday, September 4 report. On Wednesday, August 31 the stock rating was maintained by Jefferies with “Buy”. On Friday, July 29 the stock rating was maintained by UBS with “Buy”. The rating was maintained by Credit Suisse on Wednesday, January 6 with “Neutral”. Sterne Agee CRT initiated the stock with “Neutral” rating in Friday, May 20 report. On Wednesday, December 9 the stock rating was initiated by RBC Capital Markets with “Underperform”. The stock of CME Group Inc (NASDAQ:CME) has “Buy” rating given on Friday, July 29 by Deutsche Bank. The company was maintained on Tuesday, January 26 by Deutsche Bank. As per Friday, July 29, the company rating was maintained by Barclays Capital.
Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 0.02, from 1.39 in 2016Q1. The ratio turned negative, as 40 funds sold all CME Group Inc shares owned while 170 reduced positions. 57 funds bought stakes while 235 increased positions. They now own 260.02 million shares or 1.16% less from 263.08 million shares in 2016Q1.
Prudential Fincl holds 0.08% or 507,705 shares in its portfolio. The Colorado-based Marsico Cap Management Lc has invested 0.5% in CME Group Inc (NASDAQ:CME). Zacks Inv Mngmt reported 314,896 shares or 0.94% of all its holdings. Investec Asset Limited last reported 0.88% of its portfolio in the stock. Dekabank Deutsche Girozentrale reported 311,332 shares or 0.34% of all its holdings. Alpha Windward Ltd Liability accumulated 443 shares or 0.03% of the stock. Signaturefd Limited Liability Corp holds 0% or 353 shares in its portfolio. Keybank National Association Oh last reported 0.25% of its portfolio in the stock. Ferguson Wellman owns 15,500 shares or 0.06% of their US portfolio. Moreover, Victory Mgmt has 0.01% invested in CME Group Inc (NASDAQ:CME) for 35,626 shares. Guardian Advisors Limited Partnership holds 0.07% of its portfolio in CME Group Inc (NASDAQ:CME) for 3,950 shares. Moreover, Quantitative Systematic Strategies Ltd has 0.48% invested in CME Group Inc (NASDAQ:CME) for 10,693 shares. Cantab Cap Prns Ltd Liability Partnership has invested 0% of its portfolio in CME Group Inc (NASDAQ:CME). Manchester Cap Lc accumulated 0.02% or 1,710 shares. Korea last reported 106,100 shares in the company.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 28 sales for $17.77 million net activity. Another trade for 15,000 shares valued at $1.62M was made by Durkin Bryan T on Tuesday, September 6. 700 CME Group Inc (NASDAQ:CME) shares with value of $75,213 were sold by Bitsberger Timothy S. On Thursday, August 4 the insider Holzrichter Julie sold $249,850. Zagotta Robert had sold 5,458 shares worth $528,171 on Friday, June 3. Suskind Dennis sold $109,490 worth of stock or 1,000 shares. Shares for $226,826 were sold by TAYLOR KIMBERLY S on Tuesday, May 31. 20,080 CME Group Inc (NASDAQ:CME) shares with value of $2.10 million were sold by GILL PHUPINDER.
About 1.34M shares traded hands. CME Group Inc (NASDAQ:CME) has risen 20.43% since April 25, 2016 and is uptrending. It has outperformed by 14.41% the S&P500.
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 $38.05 billion. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. It has a 26.09 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.
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.”
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 $340.68M for 27.92 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.
More important recent CME Group Inc (NASDAQ:CME) news were published by: Reuters.com which released: “CME Group bids for LSE’s French clearing business: Sunday Times” on November 28, 2016, also Prnewswire.com published article titled: “CME Group Chief Financial Officer and Global Head of Commodities & Options ..”, Prnewswire.com published: “CME Group Declares Dividend” on November 09, 2016. More interesting news about CME Group Inc (NASDAQ:CME) was released by: Seekingalpha.com and their article: “Why CME Group Hit The Wall” with publication date: November 18, 2016.
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.
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By Ellis Scott