Covea Finance Increases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Covea Finance lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,200 shares of the company's stock after acquiring an additional 9,900 shares during the quarter. Covea Finance owned 0.05% of Cboe Global Markets worth $12,039,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Cboe Global Markets by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after acquiring an additional 56,233 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after acquiring an additional 5,193,339 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Cboe Global Markets by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after acquiring an additional 126,721 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cboe Global Markets by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after acquiring an additional 44,291 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Cboe Global Markets by 2.5% during the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after acquiring an additional 38,587 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president now directly owns 2,183 shares in the company, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

CBOE has been the topic of a number of recent research reports. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and reduced their target price for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Piper Sandler upped their target price 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. Oppenheimer upped their target price 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. Finally, Bank of America reaffirmed a "neutral" rating and issued 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 analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Cboe Global Markets has an average rating of "Hold" and a consensus target price of $219.64.

Cboe Global Markets Trading Down 0.8%

Shares of Cboe Global Markets stock opened at $225.85 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $166.88 and a fifty-two week high of $236.02. The firm has a market cap of $23.65 billion, a PE ratio of 31.28, a P/E/G ratio of 1.75 and a beta of 0.43. The business's fifty day moving average is $223.28 and its two-hundred day moving average is $211.89. 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 issued its quarterly 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%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 EPS. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.12%. Cboe Global Markets's payout ratio is 33.03%.

About Cboe Global Markets

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.

Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.