Royal Bank of Canada Cuts Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Royal Bank of Canada reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 560,768 shares of the company's stock after selling 141,997 shares during the quarter. Royal Bank of Canada owned about 0.54% of Cboe Global Markets worth $109,575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rafferty Asset Management LLC lifted its stake in shares of Cboe Global Markets by 4.1% in the fourth quarter. Rafferty Asset Management LLC now owns 36,935 shares of the company's stock worth $7,217,000 after acquiring an additional 1,461 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $294,000. Redwood Financial Network Corp acquired a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $242,000. ProShare Advisors LLC lifted its stake in shares of Cboe Global Markets by 9.8% in the fourth quarter. ProShare Advisors LLC now owns 29,838 shares of the company's stock worth $5,830,000 after acquiring an additional 2,665 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Cboe Global Markets by 35.0% in the fourth quarter. Quantinno Capital Management LP now owns 34,023 shares of the company's stock worth $6,648,000 after acquiring an additional 8,819 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on CBOE. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. Barclays lifted their target price on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Piper Sandler lifted their target price on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Bank of America reiterated a "neutral" rating and issued a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $219.64.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded up $3.16 during midday trading on Friday, hitting $231.58. 637,635 shares of the stock traded hands, compared to its average volume of 911,725. The company has a market capitalization of $24.25 billion, a P/E ratio of 32.07, a PEG ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $236.02. The company's 50 day moving average is $219.24. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating 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 business's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.09%. 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.