Investors Sell Shares of Cboe Global Markets (CBOE) on Strength (CBOE)

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.

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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.

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