Vanguard Group Inc. Acquires 8,988 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Vanguard Group Inc. increased its stake in Cboe Global Markets by 0.1% during Q1, now owning around 12.07% of the company, valued at approximately $2.86 billion.
• A significant 62.24% decrease in shares was reported by EVP Catherine R. Clay, who sold 3,598 shares for over $815,000.
• Cboe Global Markets has received mixed ratings from analysts, with a consensus rating of "Hold" and an average target price of $231.38.

Vanguard Group Inc. raised its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,637,952 shares of the company's stock after buying an additional 8,988 shares during the period. Vanguard Group Inc. owned about 12.07% of Cboe Global Markets worth $2,859,842,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC boosted its position in shares of Cboe Global Markets by 102.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 393 shares of the company's stock valued at $89,000 after purchasing an additional 199 shares in the last quarter. Horizon Family Wealth Inc. boosted its position in shares of Cboe Global Markets by 14.4% during the 1st quarter. Horizon Family Wealth Inc. now owns 2,981 shares of the company's stock valued at $675,000 after purchasing an additional 376 shares in the last quarter. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at about $26,000. Blair William & Co. IL boosted its position in shares of Cboe Global Markets by 3.1% during the 1st quarter. Blair William & Co. IL now owns 60,571 shares of the company's stock valued at $13,707,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Argent Trust Co boosted its position in shares of Cboe Global Markets by 1.3% during the 1st quarter. Argent Trust Co now owns 4,927 shares of the company's stock valued at $1,115,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded down $1.93 on Wednesday, hitting $246.59. 222,617 shares of the stock traded hands, compared to its average volume of 872,843. The business's fifty day moving average is $234.93 and its two-hundred day moving average is $222.71. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The firm has a market capitalization of $25.79 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the business earned $2.15 earnings per share. The company's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of research reports. UBS Group reaffirmed a "neutral" rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. Barclays upped their price target on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler upped their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup upped their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $231.38.

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.