Robeco Institutional Asset Management B.V. Sells 44,733 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Robeco Institutional Asset Management B.V. reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 628,297 shares of the company's stock after selling 44,733 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.60% of Cboe Global Markets worth $142,177,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CBOE. Alliancebernstein L.P. raised its position in shares of 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 purchasing an additional 5,193,339 shares during the period. Norges Bank bought a new position in shares of Cboe Global Markets in the fourth quarter valued at about $269,524,000. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 1,212,368 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter valued at about $59,206,000. Finally, First Trust Advisors LP raised its position in shares of Cboe Global Markets by 756.0% in the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after purchasing an additional 263,585 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

NASDAQ:CBOE traded up $2.85 during mid-day trading on Friday, reaching $229.00. 741,187 shares of the company's stock were exchanged, compared to its average volume of 870,763. Cboe Global Markets, Inc. has a one year low of $166.88 and a one year high of $236.02. The firm has a market capitalization of $23.98 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The business's fifty day simple moving average is $224.45 and its two-hundred day simple moving average is $212.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS 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%. During the same quarter last year, the business earned $2.15 EPS. The company's revenue was up 12.6% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Insider Buying and Selling at Cboe Global Markets

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 transaction, the executive vice president now directly owns 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CBOE shares. Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Morgan Stanley lowered shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price objective for the company from $256.00 to $215.00 in a research report on Wednesday, May 14th. Oppenheimer increased their price objective 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. Barclays increased their price objective on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, UBS Group increased their price objective 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $219.64.

About Cboe Global Markets

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.