Sawgrass Asset Management LLC Acquires 12,788 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sawgrass Asset Management LLC lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 39.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,019 shares of the company's stock after acquiring an additional 12,788 shares during the period. Cboe Global Markets makes up 1.2% of Sawgrass Asset Management LLC's portfolio, making the stock its 26th largest holding. Sawgrass Asset Management LLC's holdings in Cboe Global Markets were worth $10,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CBOE. Forge First Asset Management Inc. bought a new position in shares of Cboe Global Markets during the 4th quarter worth about $8,461,000. Skylands Capital LLC grew its position in Cboe Global Markets by 88.9% during the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock worth $1,661,000 after buying an additional 4,000 shares in the last quarter. Amundi increased its stake in Cboe Global Markets by 27.2% during the fourth 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 position in Cboe Global Markets in the 4th quarter valued at approximately $21,290,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $59,206,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Trading Down 0.8%

CBOE opened at $225.85 on Monday. The firm has a 50 day simple moving average of $223.28 and a 200 day simple moving average of $211.91. Cboe Global Markets, Inc. has a fifty-two week low of $166.88 and a fifty-two week high of $236.02. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. 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 announced its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. The company's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

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. 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 is 33.03%.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of recent research reports. Bank of America reiterated a "neutral" rating and set a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. UBS Group upped their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a research report on Monday, May 5th. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Oppenheimer increased their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of "Hold" and an average target price of $219.64.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by company insiders.

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.

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