Bank of New York Mellon Corp Has $132.22 Million Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank of New York Mellon Corp grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 584,286 shares of the company's stock after purchasing an additional 18,619 shares during the quarter. 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 SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. NBC Securities Inc. acquired a new stake in Cboe Global Markets during the first quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Greenline Partners LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Generali Asset Management SPA SGR acquired a new stake in Cboe Global Markets during the fourth quarter worth about $37,000. Finally, Jones Financial Companies Lllp grew its position in Cboe Global Markets by 40.5% during the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after buying an additional 62 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley downgraded Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their price objective for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a report on Monday, May 5th. Bank of America reaffirmed a "neutral" rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Oppenheimer lifted their price objective on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Piper Sandler lifted their price objective on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $221.58.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Up 0.2%

CBOE stock traded up $0.58 during trading on Friday, hitting $235.01. The company had a trading volume of 669,308 shares, compared to its average volume of 854,045. 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 firm has a 50-day moving average price of $227.73 and a 200-day moving average price of $215.16. Cboe Global Markets, Inc. has a 12 month low of $169.09 and a 12 month high of $237.27. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.75 and a beta of 0.43.

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

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

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.