Canada Pension Plan Investment Board Trims Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Canada Pension Plan Investment Board reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 48.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,429 shares of the company's stock after selling 67,300 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.07% of Cboe Global Markets worth $13,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its holdings in shares of Cboe Global Markets by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock worth $3,035,000 after purchasing an additional 48 shares during the period. Summit Financial LLC raised its holdings in shares of Cboe Global Markets by 0.4% during the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company's stock valued at $2,131,000 after acquiring an additional 48 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake in Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company's stock worth $893,000 after acquiring an additional 50 shares during the period. Inspire Advisors LLC boosted its holdings in Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company's stock valued at $611,000 after acquiring an additional 50 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its position in Cboe Global Markets by 5.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company's stock valued at $234,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. Jefferies Financial Group decreased their target price on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, January 9th. Keefe, Bruyette & Woods reduced their price target on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price objective for the company in a report on Tuesday, April 8th. Finally, William Blair started coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $218.80.

Cboe Global Markets Trading Up 0.4 %

CBOE traded up $0.91 during trading on Friday, hitting $213.59. 640,090 shares of the company's stock traded hands, compared to its average volume of 882,051. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $234.37. The business's 50 day moving average is $214.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market cap of $22.36 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company posted $2.06 EPS. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets's dividend payout ratio (DPR) is currently 34.90%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets 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 transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last 90 days. Company insiders own 0.22% of the company's stock.

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.