Cboe Global Markets Inc (CBOE) Position Trimmed by Magnetar Financial LLC

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.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.truebluetribune.com/2018/01/03/magnetar-financial-llc-sells-7148-shares-of-cboe-holdings-inc-cboe.html.

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).

Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply