Gulf International Bank UK Ltd Trims Position in Cboe Global Markets Inc (CBOE)

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Gulf International Bank UK Ltd lowered its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 31.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,810 shares of the financial services provider’s stock after selling 12,000 shares during the period. Gulf International Bank UK Ltd’s holdings in Cboe Global Markets were worth $2,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Cboe Global Markets by 83.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,196 shares of the financial services provider’s stock worth $115,000 after buying an additional 543 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Cboe Global Markets during the 3rd quarter worth about $201,000. C M Bidwell & Associates Ltd. acquired a new position in Cboe Global Markets during the 3rd quarter worth about $222,000. Claraphi Advisory Network LLC acquired a new position in Cboe Global Markets during the 3rd quarter worth about $242,000. Finally, Brookstone Capital Management acquired a new position in Cboe Global Markets during the 3rd quarter worth about $274,000. Institutional investors and hedge funds own 81.98% of the company’s stock.

In related news, VP Christopher A. Isaacson sold 8,719 shares of the business’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $106.48, for a total value of $928,399.12. Following the completion of the sale, the vice president now directly 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 accessible through this link. Also, Director Frank E. Jr. English sold 1,000 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were 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 $356,206.35. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a report on Tuesday, January 8th. UBS Group dropped their price objective on Cboe Global Markets from $111.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. Sandler O’Neill raised Cboe Global Markets from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Goldman Sachs Group raised Cboe Global Markets from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 4th. Finally, Bank of America boosted their price objective on Cboe Global Markets from $113.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, November 5th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $114.50.

Shares of NASDAQ:CBOE opened at $91.39 on Monday. Cboe Global Markets Inc has a 1 year low of $87.87 and a 1 year high of $138.54.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. The business had revenue of $270.50 million during the quarter, compared to analyst estimates of $269.08 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year.

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

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