Time to Buy CME Group Inc After Today’s Option Traders Bet?

 Time to Buy CME Group Inc After Today's Option Traders Bet?

In today’s session CME Group Inc (CME) registered an unusually high (429) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CME increase. With 429 contracts traded and 10404 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CME161216C00105000 closed last at: $3.5 or 25% up. About 175,625 shares traded hands. CME Group Inc (NASDAQ:CME) has risen 7.26% since March 15, 2016 and is uptrending. It has outperformed by 1.77% 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 $363.33M for 23.88 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 $93.90 average target is -9.80% below today’s ($104.1) stock price. CME Group has been the topic of 24 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of CME Group Inc (NASDAQ:CME) has “Neutral” rating given on Wednesday, January 6 by Credit Suisse. The firm has “Underperform” rating given on Thursday, July 14 by CLSA. The stock of CME Group Inc (NASDAQ:CME) earned “Buy” rating by Deutsche Bank on Friday, January 8. Sterne Agee CRT initiated the shares of CME in a report on Friday, May 20 with “Neutral” rating. The rating was upgraded by Bank of America on Wednesday, October 7 to “Buy”. The stock has “Neutral” rating given by JP Morgan on Friday, March 11. The firm earned “Underperform” rating on Wednesday, December 9 by RBC Capital Markets. Deutsche Bank maintained the shares of CME in a report on Wednesday, October 5 with “Buy” rating. The stock of CME Group Inc (NASDAQ:CME) earned “Neutral” rating by JP Morgan on Friday, September 4. On Friday, April 8 the stock rating was maintained by Wood with “Market Perform”.

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 increased, 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.
British Columbia Investment Mgmt Corporation, a British Columbia – Canada-based fund reported 251,094 shares. Exane Derivatives owns 6,105 shares or 0% of their US portfolio. Louisiana State Employees Retirement has 0.11% invested in the company for 22,200 shares. Iab Bank & Trust last reported 0.17% of its portfolio in the stock. Analytic Invsts Lc holds 0.06% of its portfolio in CME Group Inc (NASDAQ:CME) for 48,565 shares. Moreover, Guardian Cap Lp has 0.08% invested in CME Group Inc (NASDAQ:CME) for 50,798 shares. Bamco Inc Ny reported 44,256 shares or 0.02% of all its holdings. Cincinnati has 0.1% invested in the company for 29,900 shares. Keybank National Association Oh has 397,973 shares for 0.25% of their US portfolio. Dimensional Fund Advsrs Ltd Partnership holds 0.11% or 2.02M shares in its portfolio. Pinnacle Assocs Ltd has 0.02% invested in the company for 9,027 shares. Comerica State Bank last reported 82,631 shares in the company. Delta Lloyd Nv holds 0.07% or 20,648 shares in its portfolio. Profund Advsr Ltd Liability Corp owns 8,323 shares or 0.04% of their US portfolio. Meeder Asset Incorporated holds 11,731 shares or 0.11% of its portfolio.

Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 29 sales for $18.01 million net activity. 14,990 shares were sold by Durkin Bryan T, worth $1.58M. 1,000 shares were sold by OLIFF JAMES E, worth $102,300 on Friday, July 15. Shares for $222,065 were sold by TAYLOR KIMBERLY S on Thursday, June 30. On Friday, July 29 the insider Suskind Dennis sold $102,790. 893 CME Group Inc (NASDAQ:CME) shares with value of $98,230 were sold by Piell Hilda Harris. $528,171 worth of CME Group Inc (NASDAQ:CME) was sold by Zagotta Robert on Friday, June 3. $2.10 million worth of shares were sold by GILL PHUPINDER on Monday, August 15.

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 $34.70 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.

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 news for CME Group Inc (NASDAQ:CME) were recently published by: Prnewswire.com, which released: “CME Group to Transition Dairy Spot Call to CME Direct Auction Platform” on September 27, 2016. Prnewswire.com‘s article titled: “CME Group Named “Exchange of the Year” by GlobalCapital” and published on September 21, 2016 is yet another important article.

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