Hancock Whitney Corp Lowers Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Hancock Whitney Corp lessened its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 75.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,790 shares of the company's stock after selling 80,522 shares during the quarter. Hancock Whitney Corp's holdings in Cboe Global Markets were worth $5,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CBOE. Alliancebernstein L.P. increased its stake in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank bought a new position in Cboe Global Markets during the 4th quarter valued at approximately $269,524,000. Raymond James Financial Inc. bought a new position in Cboe Global Markets during the 4th quarter valued at approximately $59,206,000. First Trust Advisors LP raised its stake in Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after buying an additional 263,585 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Cboe Global Markets by 270.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock worth $58,559,000 after acquiring an additional 218,865 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares of the company's stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Loop Capital set a $260.00 price target on shares of Cboe Global Markets in a report on Wednesday, April 2nd. Jefferies Financial Group reduced their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, January 9th. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Finally, StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $218.80.

Cboe Global Markets Price Performance

Shares of CBOE traded up $2.01 during trading hours on Tuesday, hitting $214.20. The stock had a trading volume of 205,288 shares, compared to its average volume of 870,449. The company has a market cap of $22.43 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.75 and a beta of 0.47. 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 12 month low of $166.13 and a 12 month high of $234.37. The firm has a fifty day moving average price of $214.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). 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 firm posted $2.06 earnings per share. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.18%. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

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.