Royal London Asset Management Ltd. Cuts Holdings in Cboe Global Markets Inc (CBOE)

Royal London Asset Management Ltd. decreased its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,809 shares of the financial services provider’s stock after selling 1,834 shares during the period. Royal London Asset Management Ltd.’s holdings in Cboe Global Markets were worth $4,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Standard Life Aberdeen plc raised its stake in shares of 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 acquiring an additional 15,225 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Cboe Global Markets by 62.7% during the fourth quarter. Squarepoint Ops LLC now owns 36,587 shares of the financial services provider’s stock valued at $3,579,000 after acquiring an additional 14,095 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Cboe Global Markets by 10.3% during the first quarter. Retirement Systems of Alabama now owns 112,777 shares of the financial services provider’s stock valued at $10,763,000 after acquiring an additional 10,539 shares in the last quarter. Norges Bank purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $88,862,000. Finally, Castleark Management LLC purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $2,461,000. Institutional investors own 81.98% of the company’s stock.

In related news, EVP Bryan Harkins sold 4,300 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $106.71, for a total transaction of $458,853.00. Following the completion of the transaction, the executive vice president now owns 43,661 shares in the company, valued at approximately $4,659,065.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John Deters sold 834 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $103.78, for a total transaction of $86,552.52. Following the transaction, the executive vice president now owns 3,121 shares of the company’s stock, valued at approximately $323,897.38. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on CBOE. Bank of America lifted their price objective on shares of Cboe Global Markets from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 16th. UBS Group cut their price objective on shares of Cboe Global Markets from $105.00 to $103.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Zacks Investment Research lowered shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Rosenblatt Securities lowered shares of Cboe Global Markets from a “buy” rating to a “neutral” rating in a report on Thursday, April 18th. Finally, MKM Partners raised shares of Cboe Global Markets from a “neutral” rating to an “overweight” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $110.83.

Shares of Cboe Global Markets stock traded up $1.77 during trading hours on Wednesday, reaching $107.27. The stock had a trading volume of 893,411 shares, compared to its average volume of 744,287. Cboe Global Markets Inc has a twelve month low of $87.87 and a twelve month high of $115.11.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. The firm had revenue of $280.50 million during the quarter, compared to analyst estimates of $279.49 million.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.31 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.24 annualized dividend and a dividend yield of 1.16%.

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About Cboe Global Markets

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 (NASDAQ:CBOE)

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