CME Group Inc. (CME) Formed Bullish Wedge Up; Buyers Could Thrive

December 7, 2017 - By Migdalia James

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.01, from 1.14 in 2017Q1. It worsened, as 38 investors sold CME Group Inc. shares while 226 reduced holdings. 67 funds opened positions while 231 raised stakes. 268.92 million shares or 1.79% less from 273.81 million shares in 2017Q1 were reported.
5,566 were accumulated by Standard Life Invests. Guggenheim Limited Liability Co owns 374,922 shares. Amalgamated Bancorp has 0.16% invested in CME Group Inc. (NASDAQ:CME). Clearbridge Invs Ltd Liability Co invested 0.07% of its portfolio in CME Group Inc. (NASDAQ:CME). Delta Asset Management Ltd Liability Co Tn reported 0% of its portfolio in CME Group Inc. (NASDAQ:CME). The New Jersey-based Bessemer Gp has invested 0.01% in CME Group Inc. (NASDAQ:CME). Gateway Inv Advisers Limited Liability Com holds 218,176 shares or 0.24% of its portfolio. Guinness Asset Mngmt holds 101,160 shares or 2.68% of its portfolio. North Carolina-based Captrust Financial Advsrs has invested 0.06% in CME Group Inc. (NASDAQ:CME). Stanley reported 14,625 shares. British Columbia Mgmt Corp holds 0.25% of its portfolio in CME Group Inc. (NASDAQ:CME) for 246,653 shares. Ww Asset Management reported 30,302 shares. Synovus Fincl Corporation holds 3,349 shares. Caisse De Depot Et Placement Du Quebec owns 7,091 shares. Moreover, Cambridge Inv Rech has 0.01% invested in CME Group Inc. (NASDAQ:CME) for 7,466 shares.

Since June 9, 2017, it had 0 insider purchases, and 2 sales for $639,892 activity. Shares for $505,081 were sold by Kometer Kevin. Bitsberger Timothy S. also sold $100,744 worth of CME Group Inc. (NASDAQ:CME) shares.

The stock of CME Group Inc. (CME) formed an up wedge with $158.15 target or 4.00 % above today’s $152.07 share price. The 7 months wedge indicates low risk for the $51.75 billion company. If the $158.15 price target is reached, the company will be worth $2.07B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.01% or $0.02 during the last trading session, reaching $152.07. About 1.11 million shares traded. CME Group Inc. (NASDAQ:CME) has risen 25.35% since December 8, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Analysts await CME Group Inc. (NASDAQ:CME) to report earnings on February, 1. They expect $1.16 earnings per share, up 1.75 % or $0.02 from last year’s $1.14 per share. CME’s profit will be $394.74 million for 32.77 P/E if the $1.16 EPS becomes a reality. After $1.19 actual earnings per share reported by CME Group Inc. for the previous quarter, Wall Street now forecasts -2.52 % negative EPS growth.

CME Group Inc. (NASDAQ:CME) Ratings Coverage

Among 15 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. CME Group had 49 analyst reports since August 3, 2015 according to SRatingsIntel. CLSA maintained it with “Underperform” rating and $100 target in Thursday, July 14 report. On Friday, March 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Thursday, August 17, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating by Deutsche Bank given on Friday, July 29. The stock of CME Group Inc. (NASDAQ:CME) earned “Neutral” rating by Credit Suisse on Wednesday, January 6. The stock of CME Group Inc. (NASDAQ:CME) earned “Buy” rating by UBS on Friday, July 29. The company was maintained on Wednesday, September 27 by Jefferies. On Monday, October 16 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of CME Group Inc. (NASDAQ:CME) earned “Overweight” rating by JP Morgan on Wednesday, January 13. Jefferies maintained it with “Buy” rating and $134 target in Monday, July 17 report.

More notable recent CME Group Inc. (NASDAQ:CME) news were published by: Reuters.com which released: “Cboe, CME to launch bitcoin futures contracts” on December 07, 2017, also Bloomberg.com with their article: “CME Plans to Manage Customer Exposure to Bitcoin Futures” published on November 28, 2017, Nasdaq.com published: “CME Group Inc. (CME) Ex-Dividend Date Scheduled for December 07, 2017” on December 06, 2017. More interesting news about CME Group Inc. (NASDAQ:CME) were released by: Nasdaq.com and their article: “Here’s Why You Should Hold on to CME Group (CME) Stock Now” published on November 29, 2017 as well as Prnewswire.com‘s news article titled: “CME Group Inc. Declares Annual Variable Dividend of $3.50 per Share” with publication date: December 06, 2017.

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