Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 77.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,860 shares of the company's stock after selling 23,870 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Cboe Global Markets were worth $1,552,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBOE. Summit Financial LLC grew its stake in shares of Cboe Global Markets by 0.4% in the 4th quarter. Summit Financial LLC now owns 10,908 shares of the company's stock valued at $2,131,000 after purchasing an additional 48 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after acquiring an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. raised its stake in Cboe Global Markets by 0.5% during the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after buying an additional 49 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Cboe Global Markets by 4.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,343 shares of the company's stock worth $304,000 after buying an additional 63 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Cboe Global Markets by 5.0% in the first quarter. Concurrent Investment Advisors LLC now owns 1,354 shares of the company's stock valued at $306,000 after buying an additional 64 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 0.3%

Cboe Global Markets stock opened at $237.84 on Friday. The firm has a 50 day simple moving average of $228.07 and a 200 day simple moving average of $216.27. The firm has a market capitalization of $24.90 billion, a price-to-earnings ratio of 32.94, a P/E/G 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 $179.80 and a 1-year high of $239.25.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping 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 previous year, the firm earned $2.15 EPS. The company's quarterly revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Cboe Global Markets's payout ratio is 33.03%.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction 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 represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBOE. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Piper Sandler upped their target price on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday. Citigroup boosted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Bank of America reissued a "neutral" rating and set a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Finally, Barclays cut their price target on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $222.58.

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.

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