Riverhead Capital Management LLC Raises Holdings in Cboe Global Markets Inc (CBOE)
Riverhead Capital Management LLC raised its position in Cboe Global Markets Inc (NASDAQ:CBOE) by 21.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,788 shares of the financial services provider’s stock after buying an additional 673 shares during the quarter. Riverhead Capital Management LLC’s holdings in Cboe Global Markets were worth $394,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dupont Capital Management Corp bought a new stake in shares of Cboe Global Markets in the first quarter valued at $105,000. Braun Bostich & Associates Inc. raised its stake in shares of Cboe Global Markets by 1,391.0% in the second quarter. Braun Bostich & Associates Inc. now owns 999 shares of the financial services provider’s stock valued at $104,000 after buying an additional 932 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at $133,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Cboe Global Markets in the first quarter valued at $156,000. Finally, Cerebellum GP LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at $178,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.
In related news, VP Christopher A. Isaacson sold 8,720 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $100.03, for a total transaction of $872,261.60. Following the completion of the transaction, the vice president now directly owns 86,220 shares in the company, valued at $8,624,586.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.
Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 3rd. The financial services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. Cboe Global Markets had a return on equity of 14.16% and a net margin of 19.22%. The company had revenue of $283.50 million during the quarter, compared to analysts’ expectations of $278.57 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. equities research analysts predict that Cboe Global Markets Inc will post 4.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.19%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, August 30th. Cboe Global Markets’s payout ratio is presently 36.26%.
Several equities analysts have recently weighed in on CBOE shares. BidaskClub cut Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Raymond James upgraded Cboe Global Markets from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. Zacks Investment Research upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target on shares of Cboe Global Markets in a research report on Sunday, July 15th. Finally, Barclays reduced their price target on Cboe Global Markets from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, July 30th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Cboe Global Markets has an average rating of “Hold” and an average price target of $118.43.
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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