Park Avenue Securities LLC Trims Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Park Avenue Securities LLC cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 54.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,674 shares of the company's stock after selling 3,224 shares during the period. Park Avenue Securities LLC's holdings in Cboe Global Markets were worth $605,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Forge First Asset Management Inc. acquired a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $8,461,000. Skylands Capital LLC grew its position in shares of Cboe Global Markets by 88.9% during the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,000 shares during the period. Amundi grew its position in shares of Cboe Global Markets by 27.2% during the 4th quarter. Amundi now owns 885,659 shares of the company's stock valued at $170,923,000 after acquiring an additional 189,280 shares during the period. Stack Financial Management Inc acquired a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $21,290,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $59,206,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on CBOE. Loop Capital set a $227.00 target price on Cboe Global Markets in a research report on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $256.00 to $215.00 in a report on Wednesday, May 14th. Wall Street Zen upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America reiterated a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $219.64.

Cboe Global Markets Trading Down 0.2%

Shares of Cboe Global Markets stock opened at $225.81 on Friday. The stock has a market cap of $23.65 billion, a P/E ratio of 31.28, a P/E/G ratio of 1.75 and a beta of 0.43. The stock's 50 day simple moving average is $221.56 and its 200-day simple moving average is $211.51. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $236.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

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

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's payout ratio is presently 33.03%.

Insider Activity

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president now owns 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company's stock.

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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