The stock of CME Group Inc (NASDAQ:CME) hit a new 52-week high and has $132.86 target or 21.00% above today’s $109.80 share price. The 9 months bullish chart indicates low risk for the $37.56B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $132.86 price target is reached, the company will be worth $7.89B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.17M shares traded hands. CME Group Inc (NASDAQ:CME) has risen 14.54% since April 7, 2016 and is uptrending. It has outperformed by 9.76% the S&P500.
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 $94.40 average target is -14.03% below today’s ($109.8) stock price. CME Group has been the topic of 25 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, March 11 by JP Morgan. The stock of CME Group Inc (NASDAQ:CME) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 11. Deutsche Bank maintained the stock with “Buy” rating in Friday, January 8 report. The stock has “Buy” rating given by Deutsche Bank on Tuesday, January 26. Deutsche Bank maintained it with “Buy” rating and $116 target price in Wednesday, October 5 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, January 13. As per Friday, July 29, the company rating was maintained by Barclays Capital. The rating was maintained by RBC Capital Markets with “Underperform” on Monday, February 8. Sterne Agee CRT initiated it with “Neutral” rating and $90 target price in Friday, May 20 report. RBC Capital Markets initiated the shares of CME in a report on Wednesday, December 9 with “Underperform” rating.
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 Q2 2016. 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.
Pggm Invests accumulated 0.13% or 258,659 shares. Alley Ltd Liability Com holds 1.61% of its portfolio in CME Group Inc (NASDAQ:CME) for 36,365 shares. Delta Asset Management Lc Tn holds 0% of its portfolio in CME Group Inc (NASDAQ:CME) for 40 shares. Carroll Associates last reported 87 shares in the company. Credit Suisse Ag accumulated 0.06% or 510,610 shares. State Board Of Administration Of Florida Retirement Sys last reported 0.15% of its portfolio in the stock. Moreover, Veritable L P has 0.02% invested in CME Group Inc (NASDAQ:CME) for 8,950 shares. Beacon Trust owns 49,870 shares or 0.83% of their US portfolio. Voya Management Ltd Liability Com last reported 0.04% of its portfolio in the stock. California State Teachers Retirement accumulated 736,965 shares or 0.15% of the stock. Intact Invest, a Ontario – Canada-based fund reported 21,600 shares. Everence Cap Management holds 9,235 shares or 0.28% of its portfolio. Jpmorgan Chase And last reported 6.98M shares in the company. Henderson Public Ltd Co accumulated 0.03% or 40,641 shares. Primecap Mgmt Ca has invested 0.2% of its portfolio in CME Group Inc (NASDAQ:CME).
Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 29 sales for $18.00 million net activity. GEPSMAN MARTIN J had sold 500 shares worth $51,300. Pietrowicz John W. sold $377,208 worth of CME Group Inc (NASDAQ:CME) on Monday, June 6. $365,300 worth of CME Group Inc (NASDAQ:CME) was sold by Kometer Kevin on Monday, June 13. $3.30M worth of CME Group Inc (NASDAQ:CME) was sold by GILL PHUPINDER on Monday, September 19. 2,300 shares were sold by TAYLOR KIMBERLY S, worth $246,468 on Tuesday, August 30. Shares for $528,171 were sold by Zagotta Robert. $102,790 worth of CME Group Inc (NASDAQ:CME) was sold by Suskind Dennis on Friday, July 29.
More notable recent CME Group Inc (NASDAQ:CME) news were published by: Reuters.com which released: “CME Group bans two traders for prearranging transactions” on November 08, 2016, also Prnewswire.com with their article: “CME Group Inc. Reports Strong Third-Quarter 2016 Financial Results” published on October 27, 2016, Prnewswire.com published: “CME Group Announces First Trades of Alumina FOB Australia (Platts) Futures” on October 26, 2016. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Prnewswire.com and their article: “CME Group and Thomson Reuters Name Morgan Stanley as new LBMA Silver Price …” published on October 21, 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.
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.
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