Virtu Financial LLC bought a new stake in Cboe Global Markets Inc (NASDAQ:CBOE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,389 shares of the financial services provider’s stock, valued at approximately $1,573,000.
Other large investors also recently added to or reduced their stakes in the company. Westpac Banking Corp increased its position in shares of Cboe Global Markets by 9.0% during the third quarter. Westpac Banking Corp now owns 130,253 shares of the financial services provider’s stock worth $12,499,000 after purchasing an additional 10,700 shares in the last quarter. Shell Asset Management Co. increased its position in Cboe Global Markets by 23.5% in the 3rd quarter. Shell Asset Management Co. now owns 31,292 shares of the financial services provider’s stock valued at $3,003,000 after acquiring an additional 5,950 shares during the period. Credit Suisse AG increased its position in Cboe Global Markets by 26.3% in the 3rd quarter. Credit Suisse AG now owns 167,940 shares of the financial services provider’s stock valued at $16,117,000 after acquiring an additional 34,929 shares during the period. Canada Pension Plan Investment Board increased its position in Cboe Global Markets by 630,443.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 145,025 shares of the financial services provider’s stock valued at $13,917,000 after acquiring an additional 145,002 shares during the period. Finally, Trexquant Investment LP acquired a new position in Cboe Global Markets in the 3rd quarter valued at about $6,601,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.
Several brokerages recently issued reports on CBOE. BidaskClub upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Rosenblatt Securities began coverage on Cboe Global Markets in a research report on Wednesday, September 5th. They issued a “buy” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, October 3rd. Raymond James upgraded Cboe Global Markets from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. Finally, Citigroup set a $115.00 price target on Cboe Global Markets and gave the company a “hold” rating in a research report on Monday, November 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $116.29.
Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, November 2nd. The financial services provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $270.50 million during the quarter, compared to analysts’ expectations of $269.08 million. During the same period in the prior year, the firm posted $0.89 EPS. Cboe Global Markets’s revenue for the quarter was up .3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 29th.
In other news, VP Christopher A. Isaacson sold 8,719 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 70,000 shares of the company’s stock, valued at approximately $7,453,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $113.55, for a total value of $113,550.00. Following the sale, the director now directly owns 3,137 shares in the company, valued at approximately $356,206.35. The disclosure for this sale can be found here. Insiders sold a total of 10,904 shares of company stock worth $1,165,391 in the last ninety days. 0.89% of the stock is owned by corporate 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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