Cwm LLC Cuts Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Cwm LLC lowered its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,909 shares of the company's stock after selling 5,263 shares during the period. Cwm LLC owned about 0.13% of Cboe Global Markets worth $30,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets in the 1st quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $29,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $29,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBOE. Barclays reduced their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research note on Thursday. Oppenheimer increased their price target on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. UBS Group lifted their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Piper Sandler increased their target price on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $221.58.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on 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 owned 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $235.01 on Monday. The firm has a fifty day moving average of $227.73 and a 200-day moving average of $215.43. Cboe Global Markets, Inc. has a 52-week low of $169.09 and a 52-week high of $237.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.61 billion, a P/E ratio of 32.55, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 earnings per share. As a group, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. Cboe Global Markets's payout ratio is currently 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.

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