GAM Holding AG boosted its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 59.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,302 shares of the financial services provider’s stock after buying an additional 6,067 shares during the quarter. GAM Holding AG’s holdings in Cboe Global Markets were worth $1,564,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Primecap Management Co. CA bought a new position in Cboe Global Markets during the third quarter valued at about $62,144,000. William Blair Investment Management LLC boosted its stake in Cboe Global Markets by 47.1% during the third quarter. William Blair Investment Management LLC now owns 2,305,008 shares of the financial services provider’s stock valued at $221,189,000 after buying an additional 738,063 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cboe Global Markets by 104.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,584 shares of the financial services provider’s stock valued at $1,208,000 after buying an additional 6,438 shares in the last quarter. Eaton Vance Management boosted its stake in Cboe Global Markets by 7.5% during the third quarter. Eaton Vance Management now owns 246,622 shares of the financial services provider’s stock valued at $23,666,000 after buying an additional 17,300 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in Cboe Global Markets by 10.6% during the third quarter. Standard Life Aberdeen plc now owns 158,826 shares of the financial services provider’s stock valued at $15,241,000 after buying an additional 15,225 shares in the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on CBOE shares. Raymond James raised Cboe Global Markets from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. BidaskClub cut Cboe Global Markets from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 11th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Friday, November 2nd. JPMorgan Chase & Co. upped their target price on Cboe Global Markets from $92.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, October 24th. Finally, Rosenblatt Securities initiated coverage on Cboe Global Markets in a report on Wednesday, September 5th. They set a “buy” rating and a $115.00 target price for the company. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $116.29.
Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, November 2nd. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $270.50 million for the quarter, compared to analysts’ expectations of $269.08 million. During the same period in the prior year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 29th.
In related news, Director Frank E. Jr. English sold 1,000 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $113.55, for a total value of $113,550.00. Following the completion of the sale, the director now directly owns 3,137 shares of the company’s stock, valued at approximately $356,206.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank E. Jr. English sold 1,185 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $104.17, for a total value of $123,441.45. Following the completion of the sale, the director now directly owns 4,137 shares of the company’s stock, valued at $430,951.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,904 shares of company stock valued at $1,165,391. 0.89% of the stock is currently owned by company insiders.
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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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