Investors sold shares of Cboe Global Markets Inc (NASDAQ:CBOE) on strength during trading on Friday. $24.68 million flowed into the stock on the tick-up and $51.61 million flowed out of the stock on the tick-down, for a money net flow of $26.93 million out of the stock. Of all equities tracked, Cboe Global Markets had the 14th highest net out-flow for the day. Cboe Global Markets traded up $0.72 for the day and closed at $104.34
A number of equities research analysts have issued reports on CBOE shares. Wells Fargo & Co reissued a “buy” rating on shares of Cboe Global Markets in a report on Friday, November 2nd. Bank of America boosted their target price on shares of Cboe Global Markets from $113.00 to $122.00 and gave the company a “buy” rating in a report on Monday, November 5th. Raymond James lowered their target price on shares of Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Friday, October 5th. Citigroup set a $115.00 target price on shares of Cboe Global Markets and gave the company a “hold” rating in a report on Monday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cboe Global Markets from $92.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, October 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $116.29.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, November 2nd. The financial services provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $270.50 million for the quarter, compared to analysts’ expectations of $269.08 million. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.19%.
In related news, Director Frank E. Jr. English sold 1,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $113.55, for a total value of $113,550.00. Following the completion of the transaction, the director now directly owns 3,137 shares in the company, valued at $356,206.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher A. Isaacson sold 8,719 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $106.48, for a total transaction of $928,399.12. Following the completion of the transaction, the vice president now owns 70,000 shares of the company’s stock, valued at $7,453,600. The disclosure for this sale can be found here. Insiders have sold a total of 10,904 shares of company stock valued at $1,165,391 over the last 90 days. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently made changes to their positions in CBOE. Braun Bostich & Associates Inc. grew its position in Cboe Global Markets by 1,391.0% in the second quarter. Braun Bostich & Associates Inc. now owns 999 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 932 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Cboe Global Markets by 83.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,196 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 543 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Cboe Global Markets in the second quarter worth $133,000. Dupont Capital Management Corp grew its position in Cboe Global Markets by 65.8% in the second quarter. Dupont Capital Management Corp now owns 1,529 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 607 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Cboe Global Markets in the third quarter worth $201,000. Institutional investors own 81.98% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Investors Sell Shares of Cboe Global Markets (CBOE) on Strength (CBOE)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/12/07/investors-sell-shares-of-cboe-global-markets-cboe-on-strength-cboe.html.
Cboe Global Markets Company Profile (NASDAQ:CBOE)
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
Read More: Hedge Funds – How They Work For Investors
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.