Cim Investment Mangement Inc. Trims Holdings in Cboe Global Markets Inc (CBOE)

Cim Investment Mangement Inc. lessened its stake in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,507 shares of the financial services provider’s stock after selling 1,672 shares during the period. Cim Investment Mangement Inc.’s holdings in Cboe Global Markets were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Cboe Global Markets by 5.1% during the 3rd quarter. FMR LLC now owns 4,648,975 shares of the financial services provider’s stock worth $446,116,000 after buying an additional 226,883 shares during the period. CI Global Investments Inc. lifted its position in shares of Cboe Global Markets by 14.3% during the 3rd quarter. CI Global Investments Inc. now owns 2,455,421 shares of the financial services provider’s stock worth $235,622,000 after buying an additional 307,660 shares during the period. William Blair Investment Management LLC lifted its position in shares of Cboe Global Markets by 47.1% during the 3rd quarter. William Blair Investment Management LLC now owns 2,305,008 shares of the financial services provider’s stock worth $221,189,000 after buying an additional 738,063 shares during the period. American Century Companies Inc. lifted its position in shares of Cboe Global Markets by 4.5% during the 3rd quarter. American Century Companies Inc. now owns 1,618,585 shares of the financial services provider’s stock worth $155,319,000 after buying an additional 69,189 shares during the period. Finally, Calamos Advisors LLC lifted its position in shares of Cboe Global Markets by 43.8% during the 3rd quarter. Calamos Advisors LLC now owns 890,456 shares of the financial services provider’s stock worth $85,448,000 after buying an additional 271,058 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.

Several equities analysts recently commented on the company. Wells Fargo & Co restated a “buy” rating on shares of Cboe Global Markets in a research report on Friday. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $113.00 target price for the company in a research report on Tuesday, January 8th. UBS Group cut their target price on Cboe Global Markets from $111.00 to $107.00 and set a “neutral” rating for the company in a research report on Tuesday, January 8th. Sandler O’Neill upgraded Cboe Global Markets from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, Goldman Sachs Group raised Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, January 4th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Cboe Global Markets presently has a consensus rating of “Buy” and an average target price of $114.50.

In related 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 completion of the sale, the vice president now directly owns 70,000 shares of the company’s stock, valued at approximately $7,453,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

CBOE stock opened at $94.65 on Monday. Cboe Global Markets Inc has a fifty-two week low of $87.87 and a fifty-two week high of $124.56.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 8th. The financial services provider reported $1.54 earnings per share for the quarter, beating the Zacks’ 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. During the same period in the prior year, the business earned $0.87 earnings per share. The company’s revenue for the quarter was up 25.9% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: “Cim Investment Mangement Inc. Trims Holdings in Cboe Global Markets Inc (CBOE)” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thelincolnianonline.com/2019/02/11/cim-investment-mangement-inc-trims-holdings-in-cboe-global-markets-inc-cboe.html.

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.

Featured Article: What impact do institutional investors have on markets?

Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets Inc (NASDAQ:CBOE).

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.

Leave a Reply