Federated Hermes Adds $261M in CME Group Inc. ($CME)
Key Points
- Federated Hermes changed its CME Group Inc. ($CME) stake by 176.6% last quarter, boosting to 1,560,298 shares worth $409.08 million.
- Wall Street's consensus rating on $CME is Buy and an average price target of $305.93.
- $CME last traded around $262.18.
Federated Hermes increased its position in CME Group Inc. ($CME) by 176.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,560,298 shares of CME Group Inc. after buying 996,222 shares during the quarter. Federated Hermes's holdings in CME Group Inc. were worth $409.08 million as of its most recent filing.
CME Group Inc. ($CME) Stock
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Analysts Set New Price Targets
About CME Group Inc.
CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, and foreign exchange; and agricultural, energy, and metals commodities, as well as fixed income and foreign currency trading services. The company provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. The company was founded in 1898 and is headquartered in Chicago, Illinois.
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