Financial Counselors Inc. reduced its holdings in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,030 shares of the financial services provider’s stock after selling 1,529 shares during the quarter. Financial Counselors Inc.’s holdings in Cboe Global Markets were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $143,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Cboe Global Markets by 240.0% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 960 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in shares of Cboe Global Markets by 329.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,896 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 1,454 shares during the period. IBM Retirement Fund bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $204,000. Finally, Suntrust Banks Inc. bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $217,000. Institutional investors own 83.31% of the company’s stock.
Several brokerages have recently commented on CBOE. UBS Group reiterated a “buy” rating and set a $120.00 target price (down from $136.00) on shares of Cboe Global Markets in a research note on Tuesday, February 13th. JPMorgan Chase & Co. reduced their target price on Cboe Global Markets from $110.00 to $108.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Citigroup reduced their target price on Cboe Global Markets from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, February 12th. Bank of America reduced their target price on Cboe Global Markets from $139.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, February 12th. Finally, Deutsche Bank upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $127.00 in a research note on Tuesday, February 13th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Cboe Global Markets has a consensus rating of “Buy” and an average price target of $118.64.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). The firm had revenue of $265.60 million during the quarter, compared to the consensus estimate of $267.25 million. Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The business’s revenue for the quarter was up 85.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. equities analysts predict that Cboe Global Markets Inc will post 4.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.08 annualized dividend and a yield of 0.97%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.42%.
In other news, Director Frank E. Jr. English sold 300 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $123.80, for a total transaction of $37,140.00. Following the completion of the sale, the director now directly owns 4,214 shares in the company, valued at approximately $521,693.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Mitchell sold 670 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $120.89, for a total value of $80,996.30. Following the sale, the director now owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The disclosure for this sale can be found here. Insiders sold a total of 12,989 shares of company stock valued at $1,622,840 over the last 90 days. 1.86% of the stock is currently owned by corporate insiders.
About Cboe Global Markets
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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