State Treasurer State of Michigan trimmed its stake in Cboe Global Markets Inc (NASDAQ:CBOE) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,100 shares of the financial services provider’s stock after selling 1,200 shares during the period. State Treasurer State of Michigan’s holdings in Cboe Global Markets were worth $3,140,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CBOE. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Cboe Global Markets by 83.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,196 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 543 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $138,000. First Interstate Bank bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $139,000. Meeder Asset Management Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $178,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $201,000. 81.98% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on CBOE. Wells Fargo & Co reiterated a “buy” rating on shares of Cboe Global Markets in a report on Friday. Sandler O’Neill upgraded Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a report on Tuesday, January 8th. Goldman Sachs Group upgraded Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 4th. Finally, Bank of America increased their price target on Cboe Global Markets from $113.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, November 5th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $114.50.
In other Cboe Global Markets news, VP Christopher A. Isaacson sold 8,719 shares of the firm’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 transaction, the vice president now directly owns 70,000 shares in the company, valued at approximately $7,453,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.
Shares of NASDAQ CBOE traded up $0.35 during midday trading on Monday, hitting $95.00. The company’s stock had a trading volume of 13,256 shares, compared to its average volume of 750,137. Cboe Global Markets Inc has a 12-month low of $87.87 and a 12-month high of $124.56.
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 for the quarter, topping the consensus estimate of $1.37 by $0.17. The business had revenue of $334.40 million during the quarter, compared to analysts’ expectations of $324.49 million. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share.
Cboe Global Markets Company 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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