EFG Asset Management Americas Corp. Acquires Shares of 4,023 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• EFG Asset Management Americas Corp. invested approximately $910,000 in Cboe Global Markets, acquiring 4,023 shares during the 1st quarter.
• Insider trading activity was noted as EVP Catherine R. Clay sold 3,598 shares for over $815,000, resulting in a significant reduction in their ownership stake.
• Cboe Global Markets most recently reported earnings of $2.50 per share, exceeding estimates, and announced a quarterly dividend of $0.63, translating to an annualized yield of 1.04%.

EFG Asset Management Americas Corp. purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,023 shares of the company's stock, valued at approximately $910,000.

Several other large investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its stake in Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after buying an additional 126,721 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cboe Global Markets by 1.6% in the fourth 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 during the last quarter. FMR LLC raised its holdings in Cboe Global Markets by 2.5% in the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock valued at $307,165,000 after buying an additional 38,587 shares during the last quarter. Northern Trust Corp raised its holdings in Cboe Global Markets by 9.2% in the 4th quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after buying an additional 104,257 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in 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 buying an additional 1,212,368 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction 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 approximately $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Up 2.8%

Shares of CBOE stock traded up $6.75 during trading hours on Friday, hitting $247.79. 1,327,699 shares of the company were exchanged, compared to its average volume of 877,771. The firm has a market cap of $25.95 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a fifty-two week low of $186.10 and a fifty-two week high of $249.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a 50 day simple moving average of $231.96 and a two-hundred day simple moving average of $219.93.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. 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 company posted $2.15 earnings per share. The company's revenue was up 14.3% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.0%. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Barclays decreased their target price on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Cboe Global Markets has a consensus rating of "Hold" and an average target price of $222.58.

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.