Tobam Sells 6,349 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Tobam cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,339 shares of the company's stock after selling 6,349 shares during the period. Cboe Global Markets comprises about 3.0% of Tobam's investment portfolio, making the stock its 2nd largest position. Tobam's holdings in Cboe Global Markets were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CBOE. Alliancebernstein L.P. raised its position in Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at $269,524,000. GAMMA Investing LLC raised its holdings in shares of Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after purchasing an additional 1,212,368 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cboe Global Markets during the fourth quarter worth $59,206,000. Finally, First Trust Advisors LP lifted its stake in shares of Cboe Global Markets by 756.0% during the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after purchasing an additional 263,585 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated 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 now directly owns 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CBOE. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America reissued a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Barclays boosted their target price 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. Finally, UBS Group increased their price target 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. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $219.64.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded down $0.49 during midday trading on Friday, reaching $225.81. 723,407 shares of the stock were exchanged, compared to its average volume of 888,021. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $236.02. The firm has a 50-day simple moving average of $221.56 and a two-hundred day simple moving average of $211.51. 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 (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) 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%. During the same quarter last year, the business posted $2.15 EPS. The firm's revenue was up 12.6% on a year-over-year basis. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio is presently 33.03%.

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.