Allianz Asset Management GmbH Has $9.59 Million Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Allianz Asset Management GmbH reduced its stake in Cboe Global Markets, Inc. by 61.6%, selling 67,911 shares and now holding 42,365 shares valued at approximately $9.59 million.
• Institutional ownership in Cboe Global Markets stands at 82.67%, with several firms increasing their holdings during the fourth quarter, including a 39.4% rise by American Century Companies.
• The company declared a quarterly dividend of $0.63 per share, reflecting an annualized dividend yield of 1.02% and a payout ratio of 33.03%.

Allianz Asset Management GmbH trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 61.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,365 shares of the company's stock after selling 67,911 shares during the quarter. Allianz Asset Management GmbH's holdings in Cboe Global Markets were worth $9,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CBOE. Brighton Jones LLC grew its stake in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Cboe Global Markets by 39.4% in the 4th quarter. American Century Companies Inc. now owns 155,286 shares of the company's stock valued at $30,343,000 after purchasing an additional 43,855 shares during the period. Sei Investments Co. raised its holdings in shares of Cboe Global Markets by 4.0% in the 4th quarter. Sei Investments Co. now owns 78,400 shares of the company's stock valued at $15,319,000 after purchasing an additional 2,994 shares during the period. LPL Financial LLC raised its holdings in shares of Cboe Global Markets by 35.6% in the 4th quarter. LPL Financial LLC now owns 100,593 shares of the company's stock valued at $19,656,000 after purchasing an additional 26,392 shares during the period. Finally, Korea Investment CORP raised its holdings in shares of Cboe Global Markets by 10.1% in the 4th quarter. Korea Investment CORP now owns 55,750 shares of the company's stock valued at $10,894,000 after purchasing an additional 5,110 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBOE. Oppenheimer upped their target price on shares of Cboe Global Markets from $249.00 to $253.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Citigroup increased their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Barclays dropped their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $222.58.

Cboe Global Markets Price Performance

Shares of CBOE traded up $1.62 during midday trading on Wednesday, hitting $241.38. The company's stock had a trading volume of 1,064,012 shares, compared to its average volume of 874,201. Cboe Global Markets, Inc. has a one year low of $181.32 and a one year high of $248.79. The company's fifty day simple moving average is $231.12 and its two-hundred day simple moving average is $219.07. 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 market capitalization of $25.28 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping 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%. The business's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's payout ratio is 33.03%.

Insider Buying and Selling

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.