CME Group (CME)

• Market cap: $81.6B
• 1 day: -0.63%
• 5 days: 1.27%
• 1 month: -0.22%
• 3 months: 8.19%
• 6 months: 7.71%
• Year to date: 8.28%
• 1 year: 5.10%
• 5 years: 10.25%
• 10 years: 172.50%
• Sector: Financials
• Industry: Security & Commodity Brokers, Dealers, Exchanges & Services

About: Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The Chicago Mercantile Exchange was founded in 1898 and in 2002 completed its IPO. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX, it also expanded into cash foreign exchange, fixed-income trading, and collateral optimization.

Employees: 3,565

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

87% more call options, than puts

Call options by funds: $609M | Put options by funds: $327M

12% more funds holding in top 10

Funds holding in top 10: 33 [Q2] → 37 (+4) [Q3]

8% more capital invested

Capital invested by funds: $62.9B [Q2] → $68.2B (+$5.33B) [Q3]

0% less funds holding

Funds holding: 1,351 [Q2] → 1,350 (-1) [Q3]

1% less first-time investments, than exits

New positions opened: 124 | Existing positions closed: 125

6% less repeat investments, than reductions

Existing positions increased: 506 | Existing positions reduced: 538

2.89% less ownership

Funds ownership: 88.83% [Q2] → 85.94% (-2.89%) [Q3]

Research analyst outlook

18 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $177 22% downside
• Avg. target: $230 1% upside
• High target: $258 14% upside

18 analyst ratings

• positive: 6 33%
• neutral: 9 50%
• negative: 3 17%

Deutsche Bank Brian Bedell 81% 1-year accuracy 26 / 32 met price target	0% downside $226	Hold Maintained	11 Nov 2024
Piper Sandler Patrick Moley 91% 1-year accuracy 32 / 35 met price target	10% upside $250	Overweight Maintained	28 Oct 2024
RBC Capital Ashish Sabadra 83% 1-year accuracy 35 / 42 met price target	4% upside $235	Sector Perform Reiterated	24 Oct 2024
Oppenheimer Owen Lau 76% 1-year accuracy 32 / 42 met price target	14% upside $258	Outperform Maintained	24 Oct 2024
Citigroup Christopher Allen 76% 1-year accuracy 13 / 17 met price target	13% upside $255	Buy Maintained	24 Oct 2024