Los Angeles Capital Management LLC Sells 155,320 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Los Angeles Capital Management LLC cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,208 shares of the company's stock after selling 155,320 shares during the period. Los Angeles Capital Management LLC owned about 0.58% of Cboe Global Markets worth $136,953,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Cboe Global Markets during the first quarter valued at approximately $27,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its position in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $29,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $29,000. 82.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the firm'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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

CBOE has been the subject of several recent research reports. Citigroup raised their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Piper Sandler lifted 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. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $222.58.

Cboe Global Markets Trading Up 0.3%

Shares of NASDAQ:CBOE opened at $238.45 on Friday. Cboe Global Markets, Inc. has a 52 week low of $181.32 and a 52 week high of $239.67. The company's 50 day moving average is $228.21 and its two-hundred day moving average is $216.71. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $24.97 billion, a PE ratio of 33.03, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) 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 firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

Cboe Global Markets Company 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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