CME GroupCME
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]
9% more capital invested
Capital invested by funds: $62.9B [Q2] → $68.2B (+$5.37B) [Q3]
9% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 115
1% more funds holding
Funds holding: 1,352 [Q2] → 1,362 (+10) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 509 | Existing positions reduced: 545
2.83% less ownership
Funds ownership: 88.83% [Q2] → 85.99% (-2.83%) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target | 9%upside $260 | Market Perform Maintained | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 8%upside $257 | Equal-Weight Maintained | 9 Dec 2024 |
Deutsche Bank Brian Bedell 75% 1-year accuracy 30 / 40 met price target | 5%downside $226 | Hold Maintained | 11 Nov 2024 |
Piper Sandler Patrick Moley 78% 1-year accuracy 31 / 40 met price target | 5%upside $250 | Overweight Maintained | 28 Oct 2024 |
RBC Capital Ashish Sabadra 65% 1-year accuracy 33 / 51 met price target | 1%downside $235 | Sector Perform Reiterated | 24 Oct 2024 |
Financial journalist opinion
Based on 15 articles about CME published over the past 30 days
