Marshall & Sterling Wealth Advisors Inc. Buys New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,247 shares of the company's stock, valued at approximately $439,000.

A number of other large investors have also added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter worth about $723,000. Gilder Gagnon Howe & Co. LLC raised its holdings in Cboe Global Markets by 15.2% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 254,003 shares of the company's stock worth $49,632,000 after buying an additional 33,550 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Cboe Global Markets by 40.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,852 shares of the company's stock worth $362,000 after buying an additional 534 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $301,000. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Cboe Global Markets by 48.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 106,878 shares of the company's stock valued at $20,884,000 after acquiring an additional 34,746 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBOE. The Goldman Sachs Group lowered Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price for the company. in a report on Monday, January 6th. Oppenheimer upped their target price on shares of Cboe Global Markets from $233.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. 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 report on Monday, January 13th. Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $220.10.

Cboe Global Markets Stock Up 2.3 %

CBOE stock traded up $5.18 during trading on Friday, reaching $226.39. The company's stock had a trading volume of 1,371,037 shares, compared to its average volume of 889,015. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $215.22. The firm has a market cap of $23.70 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. Cboe Global Markets's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 earnings per share. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is presently 34.90%.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares of the company's stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares of the company's stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 in the last quarter. 0.22% of the stock is currently owned by insiders.

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.