United Services Automobile Association lowered its stake in Cboe Global Markets Inc (NASDAQ:CBOE) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 35,813 shares of the financial services provider’s stock after selling 218 shares during the quarter. United Services Automobile Association’s holdings in Cboe Global Markets were worth $3,504,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CBOE. William Blair Investment Management LLC lifted its position in Cboe Global Markets by 47.1% in the third quarter. William Blair Investment Management LLC now owns 2,305,008 shares of the financial services provider’s stock valued at $221,189,000 after buying an additional 738,063 shares during the last quarter. Primecap Management Co. CA acquired a new position in Cboe Global Markets in the third quarter valued at about $62,144,000. Manning & Napier Group LLC lifted its position 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 valued at $67,153,000 after buying an additional 575,865 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in 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 valued at $2,641,000 after buying an additional 250,884 shares during the last quarter. Finally, FMR LLC lifted its position in Cboe Global Markets by 5.1% in the third quarter. FMR LLC now owns 4,648,975 shares of the financial services provider’s stock valued at $446,116,000 after buying an additional 226,883 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors.
A number of research analysts have commented on CBOE shares. Zacks Investment Research raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, February 28th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Friday, February 8th. Sandler O’Neill raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Goldman Sachs Group raised shares of Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 4th. Finally, Argus initiated coverage on shares of Cboe Global Markets in a research report on Friday, February 22nd. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Cboe Global Markets currently has a consensus rating of “Buy” and an average target price of $113.46.
Shares of CBOE opened at $95.44 on Friday. Cboe Global Markets Inc has a 1 year low of $87.87 and a 1 year high of $115.36.
Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.17. The business had revenue of $334.40 million for the quarter, compared to analyst estimates of $324.49 million. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.31 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.30%.
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Cboe Global Markets Company Profile
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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