CGOV Asset Management cut its stake in Cboe Global Markets Inc (NASDAQ:CBOE) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,064 shares of the financial services provider’s stock after selling 104,095 shares during the period. Cboe Global Markets accounts for approximately 4.2% of CGOV Asset Management’s investment portfolio, making the stock its 10th largest holding. CGOV Asset Management owned 0.64% of Cboe Global Markets worth $112,454,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Cboe Global Markets by 23.8% during the second quarter. Vanguard Group Inc. now owns 9,823,514 shares of the financial services provider’s stock valued at $897,869,000 after purchasing an additional 1,886,113 shares during the period. FMR LLC increased its holdings in shares of Cboe Global Markets by 16.1% during the second quarter. FMR LLC now owns 10,979,841 shares of the financial services provider’s stock valued at $1,003,557,000 after purchasing an additional 1,519,882 shares during the period. BlackRock Inc. increased its holdings in shares of Cboe Global Markets by 30.7% during the second quarter. BlackRock Inc. now owns 6,411,674 shares of the financial services provider’s stock valued at $586,026,000 after purchasing an additional 1,507,072 shares during the period. BT Investment Management Ltd acquired a new position in shares of Cboe Global Markets during the second quarter valued at $108,155,000. Finally, State Street Corp increased its holdings in shares of Cboe Global Markets by 17.2% during the second quarter. State Street Corp now owns 4,114,972 shares of the financial services provider’s stock valued at $376,120,000 after purchasing an additional 604,328 shares during the period. 83.65% of the stock is currently owned by hedge funds and other institutional investors.
Cboe Global Markets Inc (NASDAQ CBOE) traded up $1.54 during trading hours on Thursday, reaching $132.33. The company had a trading volume of 791,900 shares, compared to its average volume of 1,002,900. The firm has a market capitalization of $14,920.00, a price-to-earnings ratio of 71.53, a P/E/G ratio of 1.82 and a beta of 0.52. Cboe Global Markets Inc has a 1 year low of $72.64 and a 1 year high of $132.46. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46.
Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $269.70 million for the quarter, compared to analyst estimates of $270.14 million. Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. Cboe Global Markets’s revenue was up 98.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. equities analysts anticipate that Cboe Global Markets Inc will post 3.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 30th. Cboe Global Markets’s payout ratio is currently 58.38%.
In related news, Director Frank E. Jr. English sold 300 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $123.80, for a total value of $37,140.00. Following the completion of the transaction, the director now owns 4,214 shares in the company, valued at approximately $521,693.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward T. Tilly sold 5,000 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $126.28, for a total value of $631,400.00. Following the completion of the transaction, the chairman now owns 70,611 shares of the company’s stock, valued at approximately $8,916,757.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,989 shares of company stock worth $1,622,840. 1.86% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on the company. Wells Fargo & Co raised their price target on Cboe Global Markets from $4.75 to $138.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Royal Bank of Canada lowered Cboe Global Markets from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $100.00 to $108.00 in a report on Monday, October 16th. Jefferies Group reissued a “hold” rating and set a $92.00 price target on shares of Cboe Global Markets in a report on Tuesday, October 3rd. BidaskClub lowered Cboe Global Markets from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $147.00 price target on the stock in a report on Tuesday. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Cboe Global Markets has an average rating of “Buy” and an average price target of $114.10.
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Cboe Global Markets Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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