Avalon Advisors LLC purchased a new stake in shares of Cboe Global Markets Inc (NASDAQ:CBOE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 138,627 shares of the financial services provider’s stock, valued at approximately $13,562,000. Avalon Advisors LLC owned about 0.12% of Cboe Global Markets at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Cboe Global Markets by 56.4% during the third quarter. Russell Investments Group Ltd. now owns 89,588 shares of the financial services provider’s stock valued at $8,612,000 after purchasing an additional 32,299 shares in the last quarter. Victory Capital Management Inc. raised its position in Cboe Global Markets by 40.7% during the third quarter. Victory Capital Management Inc. now owns 40,239 shares of the financial services provider’s stock valued at $3,861,000 after purchasing an additional 11,640 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Cboe Global Markets by 54.3% during the third quarter. Private Advisor Group LLC now owns 10,596 shares of the financial services provider’s stock worth $1,017,000 after buying an additional 3,728 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Cboe Global Markets during the third quarter worth $1,408,000. Finally, LSV Asset Management acquired a new position in shares of Cboe Global Markets during the third quarter worth $1,108,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cboe Global Markets stock opened at $95.27 on Friday. Cboe Global Markets Inc has a twelve month low of $87.87 and a twelve month high of $121.55.
Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data 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 the consensus estimate of $324.49 million. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.31 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.24 annualized dividend and a dividend yield of 1.30%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $105.00 to $113.00 in a report on Monday, February 25th. Argus assumed coverage on shares of Cboe Global Markets in a report on Friday, February 22nd. They set a “hold” rating for the company. Wells Fargo & Co reiterated a “buy” rating on shares of Cboe Global Markets in a report on Friday, February 8th. Finally, MKM Partners upgraded shares of Cboe Global Markets from a “neutral” rating to an “overweight” rating in a report on Monday, February 25th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $113.46.
In related news, EVP John Deters sold 2,474 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $93.74, for a total value of $231,912.76. Following the sale, the executive vice president now owns 3,538 shares of the company’s stock, valued at $331,652.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.
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.
See Also: Gross Domestic Product (GDP)
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