Atria Wealth Solutions Inc. Sells 5,957 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Atria Wealth Solutions Inc. significantly reduced its stake in Cboe Global Markets by 83.5%, selling 5,957 shares and bringing its total ownership down to 1,173 shares valued at approximately $265,000.
• Several hedge funds increased their positions in Cboe Global Markets during the fourth quarter, with CANADA LIFE ASSURANCE Co. owning the largest stake of 159,070 shares, valued at $31.06 million.
• Cboe Global Markets announced a dividend increase to $0.72 per share, with a yield of 1.2%, marking a boost from its previous dividend of $0.63.

Atria Wealth Solutions Inc. lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 83.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,173 shares of the company's stock after selling 5,957 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Cboe Global Markets were worth $265,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CBOE. Brighton Jones LLC raised its stake in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC raised its stake in Cboe Global Markets by 16.6% during the 4th quarter. NewEdge Advisors LLC now owns 13,802 shares of the company's stock worth $2,697,000 after buying an additional 1,970 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Cboe Global Markets by 5.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 159,070 shares of the company's stock worth $31,063,000 after buying an additional 8,316 shares during the period. GeoWealth Management LLC raised its stake in Cboe Global Markets by 7.1% during the 4th quarter. GeoWealth Management LLC now owns 4,148 shares of the company's stock worth $811,000 after buying an additional 275 shares during the period. Finally, Freedom Investment Management Inc. raised its stake in shares of Cboe Global Markets by 4.3% in the 4th quarter. Freedom Investment Management Inc. now owns 5,212 shares of the company's stock valued at $1,018,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets 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 completion of the transaction, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents 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 this hyperlink. 0.22% of the stock is owned by insiders.

Cboe Global Markets Stock Down 1.1%

Shares of NASDAQ CBOE traded down $2.68 during mid-day trading on Thursday, hitting $249.25. The company had a trading volume of 647,313 shares, compared to its average volume of 875,803. The company has a market capitalization of $26.07 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The firm has a 50-day simple moving average of $238.35 and a two-hundred day simple moving average of $224.61. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. 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 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.15 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Barclays lifted their price target on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler lifted their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of "Reduce" and an average target price of $231.38.

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.