Grassi Investment Management Has Boosted Its Holding in Keycorp (KEY) as Stock Declined; Cme Group (CME) Shareholder Horizon Kinetics Has Upped Holding by $29.86 Million as Stock Rose

April 17, 2018 - By Clifton Ray

CME Group Inc. (NASDAQ:CME) Logo

Murray Stahl increased its stake in Cme Group Inc (CME) by 2163.09% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Kinetics Llc bought 204,542 shares as the company’s stock rose 9.29% while stock markets declined. The hedge fund run by Murray Stahl held 213,998 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $31.25M, up from 9,456 at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Cme Group Inc for a number of months, seems to be bullish on the $56.25B market cap company. The stock increased 0.74% or $1.22 during the last trading session, reaching $165.24. About 514,307 shares traded. CME Group Inc. (NASDAQ:CME) has risen 37.71% since April 17, 2017 and is uptrending. It has outperformed by 26.16% the S&P500.

Grassi Investment Management increased its stake in Keycorp (KEY) by 439.74% based on its latest 2017Q4 regulatory filing with the SEC. Grassi Investment Management bought 103,340 shares as the company’s stock declined 5.72% with the market. The institutional investor held 126,840 shares of the major banks company at the end of 2017Q4, valued at $2.56 million, up from 23,500 at the end of the previous reported quarter. Grassi Investment Management who had been investing in Keycorp for a number of months, seems to be bullish on the $20.10 billion market cap company. The stock decreased 1.24% or $0.24 during the last trading session, reaching $19.1. About 4.43 million shares traded. KeyCorp (NYSE:KEY) has risen 12.17% since April 17, 2017 and is uptrending. It has outperformed by 0.62% the S&P500.

Since December 18, 2017, it had 0 insider buys, and 10 insider sales for $9.68 million activity. $49,287 worth of CME Group Inc. (NASDAQ:CME) was sold by GEPSMAN MARTIN J. MELAMED LEO also sold $1.14M worth of CME Group Inc. (NASDAQ:CME) on Monday, February 5. The insider Tobin Jack J sold 2,325 shares worth $354,051. Pietrowicz John W. sold $402,550 worth of CME Group Inc. (NASDAQ:CME) on Tuesday, April 10. Piell Hilda Harris also sold $539,452 worth of CME Group Inc. (NASDAQ:CME) on Tuesday, February 20. Kometer Kevin sold $2.61M worth of CME Group Inc. (NASDAQ:CME) on Friday, February 2.

Horizon Kinetics Llc, which manages about $5.39 billion and $3.41B US Long portfolio, decreased its stake in Discovery Communicatns New (NASDAQ:DISCA) by 99,148 shares to 257,641 shares, valued at $5.77M in 2017Q4, according to the filing. It also reduced its holding in Liberty Media Corp Delaware by 124,881 shares in the quarter, leaving it with 3.10M shares, and cut its stake in Autonation Inc (NYSE:AN).

Among 19 analysts covering CME Group (NASDAQ:CME), 11 have Buy rating, 1 Sell and 7 Hold. Therefore 58% are positive. CME Group had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, February 2 with “Overweight”. On Thursday, February 1 the stock rating was maintained by Sandler O’Neill with “Buy”. Keefe Bruyette & Woods maintained CME Group Inc. (NASDAQ:CME) rating on Thursday, August 17. Keefe Bruyette & Woods has “Hold” rating and $127.0 target. The rating was maintained by CLSA on Thursday, July 14 with “Underperform”. The firm earned “Buy” rating on Monday, September 11 by RBC Capital Markets. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, August 11. The rating was maintained by Jefferies with “Buy” on Friday, March 9. JP Morgan downgraded the stock to “Neutral” rating in Monday, November 14 report. On Thursday, March 8 the stock rating was maintained by Bank of America with “Buy”. UBS maintained the stock with “Buy” rating in Friday, July 29 report.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.14, from 1.01 in 2017Q3. It increased, as 29 investors sold CME shares while 224 reduced holdings. 78 funds opened positions while 212 raised stakes. 265.76 million shares or 0.05% less from 265.89 million shares in 2017Q3 were reported. M&T Savings Bank Corp stated it has 106,743 shares. Amf Pensionsforsakring invested 0.09% of its portfolio in CME Group Inc. (NASDAQ:CME). Baldwin Brothers Incorporated Ma has invested 0.02% in CME Group Inc. (NASDAQ:CME). Cambridge Invest Research Advisors invested in 0.02% or 11,497 shares. Capital Fund Mgmt Sa reported 0.05% stake. 157,696 are owned by Agf. Parametric Assocs Ltd Liability Com has 1.16M shares. Kbc Nv reported 0.33% of its portfolio in CME Group Inc. (NASDAQ:CME). Becker Cap Mngmt holds 0.01% or 1,896 shares. Franklin Street Advsrs Inc Nc stated it has 3.65% in CME Group Inc. (NASDAQ:CME). 3,054 were reported by Private Advisor Grp Incorporated Lc. Segall Bryant Hamill Ltd invested in 1,860 shares. Jackson Wealth Management Llc reported 0.66% stake. Moreover, Tarbox Family Office Inc has 0.01% invested in CME Group Inc. (NASDAQ:CME). Comerica Bancorp stated it has 84,159 shares.

Among 34 analysts covering Keycorp (NYSE:KEY), 21 have Buy rating, 2 Sell and 11 Hold. Therefore 62% are positive. Keycorp had 109 analyst reports since July 20, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $24.0 target in Thursday, January 18 report. The stock of KeyCorp (NYSE:KEY) has “Outperform” rating given on Monday, July 11 by FBR Capital. The company was upgraded on Monday, November 2 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Monday, October 9 by Citigroup. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, January 2. The rating was upgraded by UBS on Friday, February 5 to “Buy”. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Thursday, December 14 by Stephens. Susquehanna upgraded KeyCorp (NYSE:KEY) on Thursday, November 5 to “Positive” rating. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 18. The firm has “Outperform” rating by Bernstein given on Wednesday, August 26.

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