Marketfield Asset Management Lowers stake in CME Group Inc (CME)

CME Group Inc (CME) : Marketfield Asset Management reduced its stake in CME Group Inc by 35.04% during the most recent quarter end. The investment management company now holds a total of 135,469 shares of CME Group Inc which is valued at $15,494,944 after selling 73,063 shares in CME Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.CME Group Inc makes up approximately 2.59% of Marketfield Asset Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in CME in the latest quarter, The investment management firm added 82,936 additional shares and now holds a total of 958,052 shares of CME Group Inc which is valued at $112,139,987. CME Group Inc makes up approx 0.23% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Willingdon Wealth Management sold out all of its stake in CME during the most recent quarter. The investment firm sold 5,100 shares of CME which is valued $516,069.California Public Employees Retirement System reduced its stake in CME by selling 41,200 shares or 5.04% in the most recent quarter. The Hedge Fund company now holds 775,630 shares of CME which is valued at $80,308,730. CME Group Inc makes up approx 0.13% of California Public Employees Retirement System’s portfolio.

CME Group Inc closed down -1.57 points or -1.36% at $113.93 with 28,91,788 shares getting traded on Monday. Post opening the session at $115.72, the shares hit an intraday low of $113.82 and an intraday high of $115.73 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CME Group Inc reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.04. The company had revenue of $841.70 million for the quarter, compared to analysts expectations of $846.57 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

Investors should note that on Nov 9, 2016, CME Group Inc announced a cash dividend of $0.6000. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Dec 28, 2016.

Many Wall Street Analysts have commented on CME Group Inc. CME Group Inc was Downgraded by JP Morgan to ” Neutral” on Nov 14, 2016. Shares were Reiterated by RBC Capital Mkts on Oct 28, 2016 to “Underperform” and Lowered the Price Target to $ 92 from a previous price target of $97 .

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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