Pittenger & Anderson Inc. Makes New Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pittenger & Anderson Inc. bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,102 shares of the company's stock, valued at approximately $702,000.

A number of other institutional investors have also bought and sold shares of CBOE. Summit Financial LLC increased its holdings in shares of Cboe Global Markets by 0.4% during the 4th quarter. Summit Financial LLC now owns 10,908 shares of the company's stock worth $2,131,000 after buying an additional 48 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after buying an additional 48 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after buying an additional 49 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Cboe Global Markets by 40.5% during the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after buying an additional 62 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC increased its holdings in shares of Cboe Global Markets by 4.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,343 shares of the company's stock worth $304,000 after buying an additional 63 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CBOE shares. Oppenheimer raised their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Morgan Stanley downgraded shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their target price for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Bank of America reiterated a "neutral" rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, UBS Group lifted their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cboe Global Markets currently has an average rating of "Hold" and an average target price of $221.58.

Insider Activity

In other 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 transaction of $815,234.84. Following the completion of the sale, the executive vice president directly owned 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $235.01 on Monday. The company has a fifty day simple moving average of $227.73 and a two-hundred day simple moving average of $215.43. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth 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, Inc. has a 52 week low of $169.09 and a 52 week high of $237.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly 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 net margin of 18.64% and a return on equity of 22.02%. The company's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 earnings per share. As a group, equities analysts anticipate 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 disclosed 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. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.03%.

Cboe Global Markets 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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