Vest Financial LLC Invests $3.71 Million in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Vest Financial LLC purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,413 shares of the company's stock, valued at approximately $3,714,000.

A number of other hedge funds also recently made changes to their positions in CBOE. Brighton Jones LLC raised its stake in shares of Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cboe Global Markets by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock worth $4,750,000 after buying an additional 6,943 shares during the period. Choreo LLC boosted its stake in Cboe Global Markets by 4.3% during the 4th quarter. Choreo LLC now owns 5,209 shares of the company's stock worth $1,021,000 after acquiring an additional 213 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Cboe Global Markets by 2.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,006 shares of the company's stock valued at $2,737,000 after buying an additional 294 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Cboe Global Markets in the 4th quarter worth $1,196,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CBOE shares. Bank of America reiterated a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Piper Sandler raised 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. Oppenheimer increased their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Trading Down 0.1%

Shares of Cboe Global Markets stock traded down $0.15 during trading on Friday, hitting $222.60. The company's stock had a trading volume of 412,637 shares, compared to its average volume of 899,175. 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, Inc. has a 52 week low of $166.13 and a 52 week high of $236.02. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The stock has a 50-day moving average price of $220.87 and a two-hundred day moving average price of $211.15.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business earned $2.15 earnings per share. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.13%. Cboe Global Markets's payout ratio is 33.03%.

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 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 completion of the sale, the executive vice president now owns 2,183 shares in the company, valued at $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 is available through this link. 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.