Moran Wealth Management LLC Lowers Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Moran Wealth Management LLC lessened its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,238 shares of the company's stock after selling 3,771 shares during the quarter. Moran Wealth Management LLC's holdings in Cboe Global Markets were worth $6,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CBOE. Alliancebernstein L.P. increased its stake in Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the last quarter. Norges Bank bought a new position in Cboe Global Markets in the fourth quarter valued at $269,524,000. GAMMA Investing LLC increased its stake in Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cboe Global Markets in the fourth quarter valued at $59,206,000. Finally, First Trust Advisors LP boosted its position in Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after buying an additional 263,585 shares during the period. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 1.3%

Shares of Cboe Global Markets stock traded up $2.85 during trading on Friday, reaching $229.00. 741,187 shares of the stock were exchanged, compared to its average volume of 870,763. 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 stock's fifty day moving average is $224.45 and its 200 day moving average is $212.75. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a 1 year low of $166.88 and a 1 year high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.10%. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

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 dated 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 now directly owns 2,183 shares in the company, valued at $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBOE has been the subject of several analyst reports. Wall Street Zen upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Oppenheimer upped their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Bank of America restated a "neutral" rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Finally, UBS Group upped their price target on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $219.64.

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.