Sowell Financial Services LLC Purchases Shares of 2,098 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sowell Financial Services LLC acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,098 shares of the company's stock, valued at approximately $475,000.

Several other large investors also recently made changes to their positions in the business. Forge First Asset Management Inc. purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $8,461,000. Skylands Capital LLC lifted its stake in Cboe Global Markets by 88.9% during the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after buying an additional 4,000 shares in the last quarter. Amundi lifted 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 buying an additional 189,280 shares in the last quarter. Stack Financial Management Inc purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $21,290,000. Finally, Raymond James Financial Inc. purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $59,206,000. Institutional investors own 82.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president now owns 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Down 0.8%

NASDAQ:CBOE traded down $1.75 during mid-day trading on Friday, reaching $225.85. The stock had a trading volume of 968,988 shares, compared to its average volume of 880,094. The business's 50 day moving average is $223.28 and its 200 day moving average is $211.89. Cboe Global Markets, Inc. has a fifty-two week low of $166.88 and a fifty-two week high of $236.02. The stock 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. 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 released 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%. During the same period in the prior year, the company earned $2.15 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued 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 yield of 1.12%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBOE. Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays increased their price target on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Oppenheimer increased their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Piper Sandler increased their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $219.64.

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.