CME Group Inc Can’t Burn Your Long Portfolio. Option Traders are Bullish

 CME Group Inc Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session CME Group Inc (CME) registered an unusually high (439) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CME increase. With 439 contracts traded and 16784 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CME161021C00110000 closed last at: $0.15 or 40% down. About 218,898 shares traded hands. CME Group Inc (NASDAQ:CME) has risen 11.39% since March 2, 2016 and is uptrending. It has outperformed by 3.14% the S&P500.

Analysts await CME Group Inc (NASDAQ:CME) to report earnings on November, 3. They expect $1.09 earnings per share, up 6.86% or $0.07 from last year’s $1.02 per share. CME’s profit will be $368.87M for 23.80 P/E if the $1.09 EPS becomes a reality. After $1.14 actual earnings per share reported by CME Group Inc for the previous quarter, Wall Street now forecasts -4.39% negative EPS growth.

CME Group Inc (NASDAQ:CME) Ratings Coverage

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 $93.48 average target is -9.90% below today’s ($103.75) stock price. CME Group has been the topic of 23 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Wood maintained the stock with “Market Perform” rating in Friday, April 8 report. The firm earned “Equal Weight” rating on Tuesday, August 11 by Barclays Capital. JP Morgan maintained the stock with “Neutral” rating in Friday, March 11 report. The stock of CME Group Inc (NASDAQ:CME) has “Neutral” rating given on Friday, May 20 by Sterne Agee CRT. The stock has “Underperform” rating given by CLSA on Thursday, July 14. As per Wednesday, August 31, the company rating was maintained by Jefferies. The rating was upgraded by Bank of America on Wednesday, October 7 to “Buy”. RBC Capital Markets maintained CME Group Inc (NASDAQ:CME) rating on Monday, February 8. RBC Capital Markets has “Underperform” rating and $86 price target. Deutsche Bank maintained the shares of CME in a report on Tuesday, January 26 with “Buy” rating. On Wednesday, January 6 the stock rating was maintained by Credit Suisse with “Neutral”.

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.”

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.30, from 1.09 in 2016Q1. The ratio is positive, 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.
Iab Bank & Trust owns 2,675 shares or 0.17% of their US portfolio. Plante Moran Ltd Liability has 27 shares for 0% of their US portfolio. Schroder Grp Inc holds 6,934 shares or 0% of its portfolio. Intact Investment Management Incorporated last reported 21,600 shares in the company. Aston Asset Management Limited Liability Company has 0.69% invested in the company for 11,698 shares. Rockefeller has 0% invested in the company for 21 shares. D E Shaw And Co holds 0.28% or 1.57 million shares in its portfolio. Raymond James Financial Services Advisors holds 0.19% of its portfolio in CME Group Inc (NASDAQ:CME) for 197,252 shares. Wellington Mgmt Llp last reported 2,642 shares in the company. Moreover, Fmr Limited Liability Company has 0.09% invested in CME Group Inc (NASDAQ:CME) for 6.39 million shares. Northern Tru, a Illinois-based fund reported 3.68 million shares. Quantitative Invest Mngmt Llc owns 32,400 shares or 0.15% of their US portfolio. Fjarde Ap accumulated 78,500 shares or 0.18% of the stock. Chevy Chase accumulated 0.3% or 550,984 shares. Louisiana State Employees Retirement Systems holds 22,200 shares or 0.11% of its portfolio.

Insider Transactions: Since April 28, 2016, the stock had 0 buys, and 29 insider sales for $18.01 million net activity. The insider Bernacchi Jeffrey M. sold $558,640. Holzrichter Julie had sold 2,425 shares worth $249,850. Another trade for 3,900 shares valued at $377,208 was sold by Pietrowicz John W.. $243,823 worth of CME Group Inc (NASDAQ:CME) shares were sold by TAYLOR KIMBERLY S. OLIFF JAMES E sold $102,300 worth of CME Group Inc (NASDAQ:CME) on Friday, July 15. $109,490 worth of shares were sold by Suskind Dennis on Thursday, September 1. 6,200 shares with value of $600,412 were sold by CRONIN KATHLEEN M on Monday, June 6.

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 $35.11 billion. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. It has a 26.21 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.

CME Company Profile

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 important recent CME Group Inc (NASDAQ:CME) news were published by: Prnewswire.com which released: “CME Group to Transition Dairy Spot Call to CME Direct Auction Platform” on September 27, 2016, also Prnewswire.com published article titled: “CME Group Named “Exchange of the Year” by GlobalCapital”, Prnewswire.com published: “CME Group Inc. Announces Third-Quarter 2016 Earnings Release, Conference Call” on September 13, 2016. More interesting news about CME Group Inc (NASDAQ:CME) was released by: Prnewswire.com and their article: “CME Group Announces CME Authorization To Provide OTC Clearing And Settlement …” with publication date: September 07, 2016.

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