Alps Advisors Inc. Has $2.92 Million Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Alps Advisors Inc. trimmed its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,916 shares of the company's stock after selling 1,560 shares during the quarter. Alps Advisors Inc.'s holdings in Cboe Global Markets were worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alliancebernstein L.P. lifted its stake in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after buying an additional 5,193,339 shares in the last quarter. Norges Bank purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $269,524,000. GAMMA Investing LLC lifted its stake in Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after buying an additional 1,212,368 shares in the last quarter. Perpetual Ltd purchased a new stake in Cboe Global Markets during the first quarter valued at about $66,981,000. Finally, First Trust Advisors LP lifted its stake in Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after buying an additional 263,585 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

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 transaction of $815,234.84. Following the transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents 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 available through the SEC website. Insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Up 0.2%

CBOE traded up $0.58 during midday trading on Friday, hitting $235.01. 669,308 shares of the company's stock traded hands, compared to its average volume of 854,045. The company has a market cap of $24.61 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The stock's fifty day simple moving average is $227.73 and its 200-day simple moving average is $215.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a one year low of $169.09 and a one year high of $237.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating 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%. The business's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of analyst reports. 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 research note on Monday, May 5th. Morgan Stanley lowered shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and reduced their price objective for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. Finally, Citigroup upped their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday. Three equities 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, the stock has an average rating of "Hold" and an average target price 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.