Steinberg Global Asset Management trimmed its position in Cboe Global Markets Inc (NASDAQ:CBOE) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,049 shares of the financial services provider’s stock after selling 200 shares during the period. Steinberg Global Asset Management’s holdings in Cboe Global Markets were worth $348,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CBOE. CI Investments Inc. purchased a new stake in Cboe Global Markets in the fourth quarter worth $246,653,000. FMR LLC grew its stake in Cboe Global Markets by 27.3% in the fourth quarter. FMR LLC now owns 5,919,809 shares of the financial services provider’s stock worth $579,134,000 after purchasing an additional 1,270,834 shares during the period. Norges Bank purchased a new stake in Cboe Global Markets in the fourth quarter worth $88,862,000. Manning & Napier Group LLC grew its stake in Cboe Global Markets by 520.8% in the fourth quarter. Manning & Napier Group LLC now owns 686,445 shares of the financial services provider’s stock worth $67,153,000 after purchasing an additional 575,865 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Cboe Global Markets by 9,496.0% in the third quarter. Rehmann Capital Advisory Group now owns 253,526 shares of the financial services provider’s stock worth $2,641,000 after acquiring an additional 250,884 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on the company. Wells Fargo & Co reissued a “buy” rating on shares of Cboe Global Markets in a research note on Friday, February 8th. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Thursday, February 28th. Sandler O’Neill raised Cboe Global Markets from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Argus assumed coverage on Cboe Global Markets in a research note on Friday, February 22nd. They issued a “hold” rating on the stock. Finally, Goldman Sachs Group raised Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, January 4th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $112.17.
Shares of NASDAQ:CBOE opened at $98.93 on Wednesday. Cboe Global Markets Inc has a 1 year low of $87.87 and a 1 year high of $115.11.
Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. The business had revenue of $334.40 million for the quarter, compared to the consensus estimate of $324.49 million. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share.
In other news, EVP John Deters sold 2,474 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $93.74, for a total transaction of $231,912.76. Following the transaction, the executive vice president now directly owns 3,538 shares of the company’s stock, valued at $331,652.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.
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About Cboe Global Markets
Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.
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