Sawgrass Asset Management LLC trimmed its stake in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 31.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 182,714 shares of the financial services provider’s stock after selling 84,413 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Cboe Global Markets were worth $22,764,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in CBOE. BlackRock Inc. raised its stake in shares of Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after purchasing an additional 786,423 shares during the period. Legal & General Group Plc raised its stake in shares of Cboe Global Markets by 304.7% during the 3rd quarter. Legal & General Group Plc now owns 490,274 shares of the financial services provider’s stock valued at $52,768,000 after purchasing an additional 369,123 shares during the period. Janus Henderson Group PLC raised its stake in shares of Cboe Global Markets by 46.8% during the 3rd quarter. Janus Henderson Group PLC now owns 704,403 shares of the financial services provider’s stock valued at $75,815,000 after purchasing an additional 224,513 shares during the period. LVW Advisors LLC bought a new stake in shares of Cboe Global Markets during the 3rd quarter valued at $16,945,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Cboe Global Markets by 163.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 236,767 shares of the financial services provider’s stock valued at $29,499,000 after purchasing an additional 146,867 shares during the period. Institutional investors own 83.31% of the company’s stock.
In related news, Chairman Edward T. Tilly sold 5,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $126.28, for a total transaction of $631,400.00. Following the completion of the transaction, the chairman now directly owns 70,611 shares in the company, valued at $8,916,757.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Christopher Mitchell sold 670 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $120.89, for a total value of $80,996.30. Following the transaction, the director now owns 8,808 shares of the company’s stock, valued at $1,064,799.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,989 shares of company stock valued at $1,622,840. 1.86% of the stock is owned by company insiders.
Cboe Global Markets Inc (NASDAQ CBOE) opened at $110.78 on Wednesday. Cboe Global Markets Inc has a 52-week low of $77.33 and a 52-week high of $138.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.57 and a current ratio of 1.31. The company has a market capitalization of $12,644.87, a PE ratio of 31.21, a P/E/G ratio of 1.37 and a beta of 0.46.
Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 9th. The financial services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The business had revenue of $265.60 million for the quarter, compared to analysts’ expectations of $267.25 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Cboe Global Markets’s quarterly revenue was up 85.7% compared to the same quarter last year. equities research analysts predict that Cboe Global Markets Inc will post 4.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, March 1st. Cboe Global Markets’s payout ratio is 30.42%.
A number of analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and set a $120.00 price objective (down from $136.00) on shares of Cboe Global Markets in a research note on Tuesday, February 13th. Citigroup decreased their price objective on Cboe Global Markets from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. decreased their price objective on Cboe Global Markets from $110.00 to $108.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Deutsche Bank upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $127.00 in a research note on Tuesday, February 13th. Finally, Barclays decreased their price objective on Cboe Global Markets from $127.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Cboe Global Markets presently has an average rating of “Buy” and a consensus target price of $118.64.
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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).
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