Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 53.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,890 shares of the company's stock after selling 4,510 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Cboe Global Markets were worth $880,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after purchasing an additional 100 shares during the period. Cavalier Investments LLC raised its position in shares of Cboe Global Markets by 4.1% during the 4th quarter. Cavalier Investments LLC now owns 9,652 shares of the company's stock worth $1,886,000 after buying an additional 384 shares in the last quarter. Advisor OS LLC lifted its stake in shares of Cboe Global Markets by 81.3% in the 4th quarter. Advisor OS LLC now owns 1,827 shares of the company's stock worth $357,000 after acquiring an additional 819 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $228,000. Finally, New York Life Investment Management LLC boosted its holdings in shares of Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock valued at $3,035,000 after acquiring an additional 48 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBOE has been the topic of several recent analyst reports. Piper Sandler boosted their target price on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price target for the company from $256.00 to $215.00 in a research report on Wednesday, May 14th. Oppenheimer boosted their price objective on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wall Street Zen upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Bank of America reaffirmed a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $219.64.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the company'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 value of $815,234.84. Following the completion of the sale, the executive vice president now owns 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $230.60 on Thursday. The stock's fifty day simple moving average is $224.02 and its 200 day simple moving average is $212.34. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52-week low of $166.88 and a 52-week high of $236.02.

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 return on equity of 22.02% and a net margin of 18.64%. Cboe Global Markets's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

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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