Sanibel Captiva Trust Company Inc. Cuts Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sanibel Captiva Trust Company Inc. cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,419 shares of the company's stock after selling 2,095 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Cboe Global Markets were worth $3,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CBOE. NBC Securities Inc. bought a new stake in Cboe Global Markets during the first quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Kestra Investment Management LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $31,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $37,000. 82.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBOE shares. Piper Sandler lifted their price target on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price target for the stock from $256.00 to $215.00 in a research report on Wednesday, May 14th. Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Wall Street Zen upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, UBS Group lifted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $219.64.

Cboe Global Markets Trading Down 0.2%

Shares of NASDAQ CBOE traded down $0.49 during trading on Friday, reaching $225.81. The stock had a trading volume of 723,407 shares, compared to its average volume of 888,021. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $236.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The business's 50-day moving average price is $221.56 and its 200-day moving average price is $211.51. The company has a market cap of $23.65 billion, a P/E ratio of 31.28, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.15 earnings per share. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS 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. Investors of record on Friday, May 30th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.12%. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.03%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was 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 now directly owns 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company's stock.

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.