Stonebridge Capital Management Inc. Decreases Stock Holdings in Cboe Global Markets Inc (CBOE:CBOE)

Stonebridge Capital Management Inc. trimmed its stake in shares of Cboe Global Markets Inc (CBOE:CBOE) by 19.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,660 shares of the financial services provider’s stock after selling 4,085 shares during the period. Stonebridge Capital Management Inc.’s holdings in Cboe Global Markets were worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio increased its holdings in Cboe Global Markets by 13.0% during the first quarter. Strs Ohio now owns 1,442 shares of the financial services provider’s stock valued at $137,000 after buying an additional 166 shares during the last quarter. First Interstate Bank increased its holdings in Cboe Global Markets by 31.6% during the first quarter. First Interstate Bank now owns 1,875 shares of the financial services provider’s stock valued at $179,000 after buying an additional 450 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $217,000. Nuveen Asset Management LLC purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $241,000. Finally, Martingale Asset Management L P bought a new position in shares of Cboe Global Markets in the first quarter worth approximately $249,000. 81.98% of the stock is owned by hedge funds and other institutional investors.

Shares of CBOE:CBOE traded down $0.33 during midday trading on Wednesday, reaching $110.24. 130,089 shares of the company were exchanged, compared to its average volume of 747,336. The company’s fifty day moving average is $111.43. Cboe Global Markets Inc has a one year low of $87.87 and a one year high of $115.11.

Cboe Global Markets (CBOE:CBOE) last issued its earnings results on Friday, May 3rd. The financial services provider reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. The company had revenue of $280.50 million for the quarter, compared to the consensus estimate of $279.49 million.

In related news, EVP John Deters sold 834 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $103.78, for a total transaction of $86,552.52. Following the completion of the transaction, the executive vice president now owns 3,121 shares in the company, valued at $323,897.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark S. Hemsley sold 14,039 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $113.84, for a total transaction of $1,598,199.76. Following the transaction, the vice president now owns 101,720 shares of the company’s stock, valued at approximately $11,579,804.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,173 shares of company stock valued at $4,277,605. 0.89% of the stock is owned by company insiders.

CBOE has been the subject of a number of recent analyst reports. Raymond James set a $39.00 price target on shares of Fastenal and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, April 29th. Barclays reiterated a “hold” rating and issued a $102.00 price target on shares of Cboe Global Markets in a research report on Friday, July 12th. Bank of America set a $62.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $120.00 price target (up from $112.00) on shares of Cboe Global Markets in a research report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $111.50.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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

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