Ensign Peak Advisors Inc Cuts Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Ensign Peak Advisors Inc lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 98,513 shares of the company's stock after selling 7,363 shares during the quarter. Ensign Peak Advisors Inc owned 0.09% of Cboe Global Markets worth $19,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Cboe Global Markets in the fourth quarter worth $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth $36,000. Generali Asset Management SPA SGR purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth $39,000. Institutional investors own 82.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CBOE shares. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their target price for the stock from $256.00 to $215.00 in a research note on Wednesday. Oppenheimer increased their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Piper Sandler increased their target price 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. Barclays upped their price target on Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded down $6.97 during trading on Wednesday, hitting $213.41. The company had a trading volume of 1,671,740 shares, compared to its average volume of 912,136. The company has a 50 day simple moving average of $217.72. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $236.02. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.75 and a beta of 0.44.

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

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares of the company's stock, valued at $52,357.76. This represents 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 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.