Natixis Decreases Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Natixis trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,461 shares of the company's stock after selling 6,675 shares during the quarter. Natixis' holdings in Cboe Global Markets were worth $1,653,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. bought a new stake in Cboe Global Markets in the 4th quarter valued at $29,000. Kestra Investment Management LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $36,000. Generali Asset Management SPA SGR bought a new stake in shares of Cboe Global Markets during the 4th quarter worth about $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CBOE shares. Piper Sandler raised their price objective on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a report on Monday, January 6th. Morgan Stanley raised Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price objective on the stock in a report on Tuesday, April 8th. William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating for the company. Finally, Jefferies Financial Group decreased their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $218.80.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the 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 completion of the sale, the chief accounting officer now directly owns 248 shares of the company's stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was 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 owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last three months. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Stock Up 0.4 %

Shares of CBOE stock traded up $0.80 on Monday, reaching $214.39. The company had a trading volume of 103,073 shares, compared to its average volume of 872,015. The firm has a 50-day simple moving average of $214.23. The firm has a market capitalization of $22.45 billion, a PE ratio of 29.69, a PEG ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $234.37.

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

Cboe Global Markets Dividend Announcement

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

Cboe Global Markets 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.