Edgewood Management buys $569,118,601 stake in CME Group Inc (CME)

CME Group Inc (CME) : Edgewood Management scooped up 923,942 additional shares in CME Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 5,482,310 shares of CME Group Inc which is valued at $569,118,601.CME Group Inc makes up approximately 3.83% of Edgewood Management’s portfolio.

Other Hedge Funds, Including , Plante Moran Financial Advisors reduced its stake in CME by selling 86 shares or 76.11% in the most recent quarter. The Hedge Fund company now holds 27 shares of CME which is valued at $2,788.Aberdeen Asset Management Plcuk boosted its stake in CME in the latest quarter, The investment management firm added 9,408 additional shares and now holds a total of 639,993 shares of CME Group Inc which is valued at $66,092,077. CME Group Inc makes up approx 0.24% of Aberdeen Asset Management Plcuk’s portfolio. Cypress Capital Management (wy) added CME to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $10,224. CME Group Inc makes up approx 0.01% of Cypress Capital Management (wy)’s portfolio.

CME Group Inc opened for trading at $106.02 and hit $106.31 on the upside on Tuesday, eventually ending the session at $106.03, with a gain of 0.23% or 0.24 points. The heightened volatility saw the trading volume jump to 6,71,349 shares. Company has a market cap of $35,929 M.

On the company’s financial health, CME Group Inc reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.11. The company had revenue of $906.40 million for the quarter, compared to analysts expectations of $910.92 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Investors should note that on Aug 3, 2016, CME Group Inc announced a cash dividend of $0.6000. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 26, 2016.

Many Wall Street Analysts have commented on CME Group Inc. Sterne Agee CRT Initiated CME Group Inc on May 20, 2016 to “Neutral”, Price Target of the shares are set at $90.

CME Group Inc.is the holding company for Chicago Mercantile Exchange Inc. CBOT New York Mercantile Exchange Inc. (NYMEX) Commodity Exchange Inc. (COMEX) and their respective subsidiaries as well as CME Clearing Europe Limited (CMECE) and CME Europe Limited (CME Europe). The Company also clear futures options on futures and swaps contracts through its two clearing organizations: CME Clearing which is a division of CME and CMECE. The Company offers its customers the opportunity to trade futures contracts and options on futures contracts on a range of products including those -based on interest rates equities foreign exchange agricultural commodities energy and metals. It also clear swaps contracts on a range of products including those -based on interest rates credit default foreign exchange agricultural commodities energy and metals. Its exchange consists of designated contract markets for the trading of futures and options on futures contracts.

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