Banque Pictet & Cie SA Purchases Shares of 1,988 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Banque Pictet & Cie SA bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,988 shares of the company's stock, valued at approximately $450,000.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter worth $27,000. Lee Danner & Bass Inc. bought a new position in Cboe Global Markets during the fourth quarter valued at about $29,000. Greenline Partners LLC bought a new position in Cboe Global Markets during the fourth quarter valued at about $29,000. Cornerstone Planning Group LLC grew its position in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in Cboe Global Markets during the fourth quarter valued at about $37,000. Institutional investors own 82.67% of the company's stock.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $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 is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $0.58 on Friday, reaching $235.01. The stock had a trading volume of 669,308 shares, compared to its average volume of 854,045. The business's 50 day moving average is $227.73 and its two-hundred day moving average is $215.30. The company has a market cap of $24.61 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. 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 1 year low of $169.09 and a 1 year high of $237.27.

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

Cboe Global Markets Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup increased their price target 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. UBS Group upped their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. 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 report on Thursday. Morgan Stanley downgraded shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price objective for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Finally, Oppenheimer increased their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $221.58.

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.