Smith Group Asset Management LLC Has $29.37 Million Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Smith Group Asset Management LLC boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,802 shares of the company's stock after purchasing an additional 4,713 shares during the period. Cboe Global Markets accounts for 2.2% of Smith Group Asset Management LLC's investment portfolio, making the stock its 15th biggest holding. Smith Group Asset Management LLC owned 0.12% of Cboe Global Markets worth $29,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Cboe Global Markets by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after buying an additional 56,233 shares in the last quarter. Alliancebernstein L.P. increased its stake 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 worth $1,501,745,000 after acquiring an additional 5,193,339 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after acquiring an additional 126,721 shares in the last quarter. Geode Capital Management LLC boosted its position in Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock valued at $535,994,000 after purchasing an additional 44,291 shares during the last quarter. Finally, FMR LLC grew its stake in Cboe Global Markets by 2.5% in the fourth quarter. FMR LLC now owns 1,571,980 shares of the company's stock valued at $307,165,000 after purchasing an additional 38,587 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CBOE shares. Oppenheimer lifted their price target on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a report on Monday, May 5th. UBS Group boosted their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a report on Monday, May 5th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their target price for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and an average price target of $219.64.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets 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 sale, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded down $1.21 during trading on Tuesday, hitting $232.00. The company's stock had a trading volume of 741,253 shares, compared to its average volume of 867,741. Cboe Global Markets, Inc. has a 52 week low of $166.88 and a 52 week high of $236.02. The firm has a market cap of $24.29 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The firm has a 50 day moving average price of $224.82 and a 200 day moving average price of $213.07. 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 (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (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 company earned $2.15 EPS. Cboe Global Markets's revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's payout ratio is presently 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.