Mn Services Vermogensbeheer B.V. Decreases Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Mn Services Vermogensbeheer B.V. reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,100 shares of the company's stock after selling 3,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Cboe Global Markets were worth $8,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets in the first quarter worth approximately $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Greenline Partners LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $31,000. Finally, Generali Asset Management SPA SGR acquired a new position in Cboe Global Markets in the fourth quarter valued at $37,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction dated 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 trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CBOE shares. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. UBS Group boosted their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Oppenheimer boosted their price objective on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price target for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Finally, Piper Sandler boosted their price target on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $219.64.

Cboe Global Markets Stock Up 1.0%

Shares of NASDAQ:CBOE traded up $2.19 during trading on Wednesday, reaching $227.60. 609,052 shares of the stock were exchanged, compared to its average volume of 879,321. 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 1-year low of $166.88 and a 1-year high of $236.02. The stock has a fifty day moving average of $222.72 and a two-hundred day moving average of $211.68. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the business earned $2.15 EPS. Cboe Global Markets's revenue was up 12.6% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.