Bank of New York Mellon Corp Grows Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank of New York Mellon Corp raised its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 584,286 shares of the company's stock after buying an additional 18,619 shares during the period. Bank of New York Mellon Corp owned about 0.56% of Cboe Global Markets worth $132,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CBOE. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets during the first quarter worth $27,000. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets during the fourth quarter worth $29,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth $29,000. Generali Asset Management SPA SGR acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at $37,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Cboe Global Markets by 40.5% in the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock valued at $42,000 after acquiring an additional 62 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CBOE. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research note on Monday, May 5th. Barclays increased their price objective on Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and reduced their price objective for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Finally, Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Cboe Global Markets currently has an average rating of "Hold" and a consensus price target of $221.75.

Insider Activity

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the firm'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 transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $1.02 during mid-day trading on Thursday, hitting $233.08. 162,202 shares of the stock were exchanged, compared to its average volume of 851,268. The stock's fifty day simple moving average is $227.29 and its two-hundred day simple moving average is $214.59. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a 12-month low of $168.16 and a 12-month high of $237.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (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 quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $2.15 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's payout ratio is 33.03%.

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.