Allspring Global Investments Holdings LLC Sells 74,450 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Allspring Global Investments Holdings LLC cut its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 25.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,616 shares of the company's stock after selling 74,450 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.20% of Cboe Global Markets worth $48,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. NBC Securities Inc. purchased a new stake in Cboe Global Markets in the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at $29,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at $29,000. Generali Asset Management SPA SGR purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Cboe Global Markets in the fourth quarter valued at $39,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 0.5%

Shares of NASDAQ CBOE traded down $1.21 during mid-day trading on Tuesday, hitting $232.00. 741,253 shares of the stock traded hands, compared to its average volume of 867,741. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.75 and a beta of 0.43. The stock has a fifty day moving average price of $224.82 and a 200-day moving average price of $213.07. Cboe Global Markets, Inc. has a 52 week low of $166.88 and a 52 week high of $236.02. 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 results 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 return on equity of 22.02% and a net margin of 18.64%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.09%. Cboe Global Markets's payout ratio is 33.03%.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The stock was 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 represents 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 insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CBOE shares. UBS Group raised their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their price target for the stock from $256.00 to $215.00 in a research note on Wednesday, May 14th. Barclays lifted their price target on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of "Hold" and an average price target of $219.64.

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.