Bridgewater Advisors Inc. Sells 1,408 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bridgewater Advisors Inc. cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,449 shares of the company's stock after selling 1,408 shares during the period. Bridgewater Advisors Inc.'s holdings in Cboe Global Markets were worth $2,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CBOE. NBC Securities Inc. bought a new stake in Cboe Global Markets during the 1st quarter worth approximately $27,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the 1st quarter worth $29,000. Cornerstone Planning Group LLC boosted its position in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth $29,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Cboe Global Markets in the 4th quarter worth $29,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on CBOE shares. Morgan Stanley raised their price objective on Cboe Global Markets from $215.00 to $218.00 and gave the stock an "underweight" rating in a research note on Tuesday. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Barclays dropped their price objective on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research note on Monday, May 5th. Finally, Bank of America reissued a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three investment 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, the company currently has an average rating of "Hold" and an average price target of $222.58.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE traded up $3.23 during midday trading on Wednesday, reaching $237.18. The company's stock had a trading volume of 460,667 shares, compared to its average volume of 850,270. 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 fifty-two week low of $173.00 and a fifty-two week high of $237.72. The business's 50 day moving average price is $227.83 and its two-hundred day moving average price is $215.83. The company has a market cap of $24.84 billion, a P/E ratio of 32.85, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly 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%. During the same period in the prior year, the business earned $2.15 earnings per share. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal 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 given a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.06%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business'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 transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by corporate insiders.

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.