Magnetar Financial LLC lowered its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 46.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,102 shares of the financial services provider’s stock after selling 7,148 shares during the period. Magnetar Financial LLC’s holdings in Cboe Global Markets were worth $872,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Strs Ohio bought a new position in Cboe Global Markets during the second quarter valued at $120,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Cboe Global Markets by 1.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,346 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 20 shares during the period. Penserra Capital Management LLC bought a new position in shares of Cboe Global Markets in the second quarter worth $198,000. W. E. Donoghue & Co. LLC bought a new position in shares of Cboe Global Markets in the second quarter worth $203,000. Finally, Winslow Evans & Crocker Inc. boosted its holdings in shares of Cboe Global Markets by 720.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,886 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 1,656 shares during the period. Institutional investors and hedge funds own 83.65% of the company’s stock.
In other Cboe Global Markets news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the sale, the chairman now directly owns 70,611 shares in the company, valued at approximately $8,916,757.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher A. Isaacson sold 7,019 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $124.42, for a total transaction of $873,303.98. Following the sale, the vice president now owns 90,229 shares of the company’s stock, valued at $11,226,292.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,989 shares of company stock valued at $2,059,320. 1.86% of the stock is owned by company insiders.
Shares of Cboe Global Markets Inc (NASDAQ:CBOE) traded down $1.84 on Tuesday, hitting $122.75. The stock had a trading volume of 842,098 shares, compared to its average volume of 757,500. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.57 and a current ratio of 1.57. Cboe Global Markets Inc has a 12-month low of $72.54 and a 12-month high of $128.32. The company has a market cap of $14,135.71, a PE ratio of 66.71, a P/E/G ratio of 2.09 and a beta of 0.52.
Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. Cboe Global Markets had a return on equity of 14.70% and a net margin of 10.55%. The firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $270.14 million. During the same period in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 98.0% compared to the same quarter last year. sell-side analysts forecast that Cboe Global Markets Inc will post 3.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 0.88%. Cboe Global Markets’s payout ratio is currently 58.70%.
A number of equities research analysts recently issued reports on CBOE shares. Barclays started coverage on Cboe Global Markets in a research report on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Royal Bank of Canada set a $100.00 price target on Cboe Global Markets and gave the company a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Jefferies Group reiterated a “hold” rating and issued a $92.00 price objective on shares of Cboe Global Markets in a report on Tuesday, October 3rd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $120.00 target price (up from $106.00) on shares of Cboe Global Markets in a research note on Thursday, October 5th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $109.70.
Cboe Global Markets Profile
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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