Crossmark Global Holdings Inc. Has $1.08 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Crossmark Global Holdings reduced its holdings by 60.3% in Q3, selling 6,706 shares and now owning 4,419 Cboe shares valued at about $1.084 million.
• Insiders sold 5,695 shares (~$1.63M) over the last quarter — including CAO Allen Wilkinson and director Alexander Matturri Jr. — leaving insiders with roughly 0.22% ownership.
• Cboe beat quarterly estimates with EPS of $3.06 vs. $2.95 expected and revenue up 28% YoY, and the company declared a quarterly dividend of $0.72 (annualized $2.88, ~1% yield).

Crossmark Global Holdings Inc. reduced its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 60.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,419 shares of the company's stock after selling 6,706 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Cboe Global Markets were worth $1,084,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company's stock worth $33,000 after buying an additional 55 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $33,000. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at $31,000. Dakota Community Bank & Trust NA bought a new position in Cboe Global Markets during the third quarter worth $42,000. Finally, Assetmark Inc. boosted its stake in Cboe Global Markets by 195.4% during the third quarter. Assetmark Inc. now owns 192 shares of the company's stock worth $47,000 after acquiring an additional 127 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the business's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares of the company's stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director directly owned 4,761 shares of the company's stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,695 shares of company stock valued at $1,628,981. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CBOE. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an "underweight" rating in a research note on Monday, December 22nd. Zacks Research upgraded Cboe Global Markets from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 30th. Loop Capital set a $317.00 target price on Cboe Global Markets in a research report on Monday, February 9th. UBS Group reissued a "neutral" rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $279.00.

Cboe Global Markets Price Performance

CBOE opened at $299.20 on Tuesday. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $305.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $31.32 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 1.75 and a beta of 0.33. The firm's fifty day moving average price is $274.80 and its two-hundred day moving average price is $255.83.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the company earned $2.10 EPS. Cboe Global Markets's revenue was up 28.0% compared to the same quarter last year. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets's dividend payout ratio (DPR) is 27.64%.

Cboe Global Markets Company Profile

Cboe Global Markets NASDAQ: CBOE is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.