Bank of America Corp DE Has $89.93 Million Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank of America Corp DE boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 460,214 shares of the company's stock after purchasing an additional 7,986 shares during the period. Bank of America Corp DE owned 0.44% of Cboe Global Markets worth $89,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBOE. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the 4th quarter worth about $31,000. Sugar Maple Asset Management LLC acquired a new position in Cboe Global Markets in the 4th quarter worth about $36,000. Generali Asset Management SPA SGR acquired a new position in Cboe Global Markets in the 4th quarter worth about $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets in the 4th quarter worth about $39,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CBOE. Bank of America reaffirmed a "neutral" rating and issued a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. UBS Group upped their target price on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. Finally, Piper Sandler upped their price target on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $219.64.

Insider Transactions at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

CBOE traded down $6.97 during mid-day trading on Wednesday, reaching $213.41. The stock had a trading volume of 1,671,740 shares, compared to its average volume of 912,136. The company has a market cap of $22.35 billion, a PE ratio of 29.56, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $217.72. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the business posted $2.15 EPS. Cboe Global Markets's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.