Benjamin Edwards Inc. Decreases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Benjamin Edwards Inc. sold 2,228 shares of Cboe Global Markets, reducing its holdings by 6.4% during the first quarter, now owning 32,475 shares valued at approximately $7.35 million.
• Institutional investors hold 82.67% of Cboe Global Markets' stock, with notable increases in stakes from firms like National Bank of Canada FI, which grew its stake by 38.5%.
• Cboe Global Markets reported an EPS of $2.46 for the last quarter, exceeding expectations, and is projected to reach $8.96 EPS for the current fiscal year.

Benjamin Edwards Inc. cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,475 shares of the company's stock after selling 2,228 shares during the quarter. Benjamin Edwards Inc.'s holdings in Cboe Global Markets were worth $7,349,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Cboe Global Markets by 8.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,844 shares of the company's stock valued at $27,346,000 after purchasing an additional 9,680 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at $258,000. Zions Bancorporation National Association UT acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at $799,000. Forsta AP Fonden raised its holdings in shares of Cboe Global Markets by 2.3% in the 1st quarter. Forsta AP Fonden now owns 49,100 shares of the company's stock valued at $11,111,000 after purchasing an additional 1,100 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Cboe Global Markets by 38.5% in the 1st quarter. National Bank of Canada FI now owns 88,491 shares of the company's stock valued at $20,020,000 after purchasing an additional 24,611 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Cboe Global Markets stock traded down $4.72 during midday trading on Tuesday, hitting $248.52. 816,829 shares of the company's stock were exchanged, compared to its average volume of 877,249. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The firm's 50 day simple moving average is $234.93 and its 200 day simple moving average is $222.71. 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, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results 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 net margin of 18.64% and a return on equity of 22.02%. The company's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.15 EPS. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction dated 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 owned 2,183 shares of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays increased their target price on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $231.38.

About Cboe Global Markets

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.