Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,073 shares of the company's stock after buying an additional 4,138 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Cboe Global Markets worth $13,368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Asset Management One Co. Ltd. grew its position in shares of Cboe Global Markets by 1.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 65,377 shares of the company's stock valued at $14,794,000 after buying an additional 700 shares during the last quarter. Longboard Asset Management LP purchased a new position in Cboe Global Markets during the 1st quarter worth $231,000. Sawgrass Asset Management LLC grew its position in Cboe Global Markets by 39.7% during the 1st quarter. Sawgrass Asset Management LLC now owns 45,019 shares of the company's stock worth $10,187,000 after purchasing an additional 12,788 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Cboe Global Markets during the 1st quarter worth $694,000. Finally, Manning & Napier Advisors LLC grew its position in Cboe Global Markets by 14.2% during the 1st quarter. Manning & Napier Advisors LLC now owns 27,290 shares of the company's stock worth $6,175,000 after purchasing an additional 3,388 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE traded up $2.85 during midday trading on Friday, hitting $229.00. The stock had a trading volume of 741,187 shares, compared to its average volume of 870,763. The company has a market capitalization of $23.98 billion, a PE ratio of 31.72, a P/E/G ratio of 1.75 and a beta of 0.43. The stock has a 50 day moving average price of $224.45 and a two-hundred day moving average price of $212.69. 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 $166.88 and a 1 year high of $236.02.

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, 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%. During the same period in the prior year, the business earned $2.15 EPS. The company's revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal 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 paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm's 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 $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CBOE shares. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Bank of America reissued a "neutral" rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Oppenheimer raised their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Three equities 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.com, the stock has an average rating of "Hold" and a consensus price target of $219.64.

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.