Assenagon Asset Management S.A. reduced its stake in Cboe Global Markets Inc (NASDAQ:CBOE) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,222 shares of the financial services provider’s stock after selling 3,127 shares during the period. Assenagon Asset Management S.A.’s holdings in Cboe Global Markets were worth $3,476,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of CBOE. LPL Financial LLC boosted its stake in Cboe Global Markets by 25.8% in the first quarter. LPL Financial LLC now owns 2,625 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 539 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Cboe Global Markets in the first quarter valued at approximately $262,000. Gulf International Bank UK Ltd boosted its stake in Cboe Global Markets by 21.5% in the second quarter. Gulf International Bank UK Ltd now owns 37,810 shares of the financial services provider’s stock valued at $3,934,000 after acquiring an additional 6,700 shares during the period. DnB Asset Management AS acquired a new position in Cboe Global Markets in the second quarter valued at approximately $1,166,000. Finally, IFM Investors Pty Ltd boosted its stake in Cboe Global Markets by 91.3% in the second quarter. IFM Investors Pty Ltd now owns 4,928 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 2,352 shares during the period. Institutional investors own 81.98% of the company’s stock.
CBOE has been the subject of several analyst reports. Raymond James reduced their price objective on Cboe Global Markets from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Friday, October 5th. BidaskClub upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Rosenblatt Securities initiated coverage on Cboe Global Markets in a research report on Wednesday, September 5th. They set a “buy” rating and a $115.00 price objective for the company. Jefferies Financial Group reiterated a “hold” rating and set a $105.00 price objective on shares of Cboe Global Markets in a research report on Sunday, July 15th. Finally, Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Wednesday, October 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $116.71.
Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, November 2nd. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $270.50 million during the quarter, compared to analyst estimates of $269.08 million. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.31 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.24 dividend on an annualized basis and a yield of 1.10%.
In other Cboe Global Markets news, Director Frank E. Jr. English sold 1,185 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $104.17, for a total value of $123,441.45. Following the completion of the sale, the director now directly owns 4,137 shares in the company, valued at $430,951.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher A. Isaacson sold 8,720 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $100.03, for a total value of $872,261.60. Following the completion of the sale, the vice president now owns 86,220 shares of the company’s stock, valued at $8,624,586.60. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Cboe Global Markets Profile
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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