Massachusetts Financial Services Co. MA Sells 458,287 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Massachusetts Financial Services Co. MA cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 92.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,697 shares of the company's stock after selling 458,287 shares during the period. Massachusetts Financial Services Co. MA's holdings in Cboe Global Markets were worth $8,530,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Summit Financial LLC boosted its stake in Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company's stock worth $2,131,000 after purchasing an additional 48 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after acquiring an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Cboe Global Markets by 0.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after acquiring an additional 49 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of Cboe Global Markets by 4.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,343 shares of the company's stock worth $304,000 after acquiring an additional 63 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Cboe Global Markets by 5.0% during the first quarter. Concurrent Investment Advisors LLC now owns 1,354 shares of the company's stock worth $306,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CBOE. Oppenheimer increased their target price on Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Piper Sandler upped their price target on Cboe Global Markets from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and an average price target of $222.58.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Down 0.2%

NASDAQ:CBOE traded down $0.39 during trading hours on Wednesday, hitting $240.79. 845,788 shares of the company traded hands, compared to its average volume of 860,745. The firm's 50-day simple moving average is $229.46 and its 200-day simple moving average is $217.47. Cboe Global Markets, Inc. has a one year low of $181.32 and a one year high of $243.71. The company has a market cap of $25.21 billion, a PE ratio of 33.35, a PEG ratio of 1.75 and a beta of 0.43. 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 released its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping 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%. During the same period in the prior year, the business earned $2.15 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. 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.