Mercer Global Advisors Inc. ADV Sells 12,617 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Mercer Global Advisors Inc. ADV lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,238 shares of the company's stock after selling 12,617 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Cboe Global Markets were worth $3,173,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CBOE. Oak Harvest Investment Services acquired a new stake in Cboe Global Markets in the 4th quarter valued at approximately $977,000. Forge First Asset Management Inc. acquired a new stake in Cboe Global Markets during the fourth quarter worth about $8,461,000. Mirae Asset Global Investments Co. Ltd. grew its position in Cboe Global Markets by 40.3% during the fourth 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 in the last quarter. Brentview Investment Management LLC bought a new position in Cboe Global Markets during the fourth quarter valued at about $3,278,000. Finally, Skylands Capital LLC raised its holdings in Cboe Global Markets by 88.9% in the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded up $3.57 during trading on Friday, reaching $231.71. The company had a trading volume of 741,540 shares, compared to its average volume of 896,094. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $236.02. The business's 50 day moving average is $217.40. The stock has a market cap of $24.26 billion, a PE ratio of 32.09, a PEG ratio of 1.75 and a beta of 0.44. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data 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%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 EPS. Equities analysts anticipate 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 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 1.09%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a report on Monday. 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 note on Monday. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research report on Monday. Finally, Jefferies Financial Group lowered their price target on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $223.36.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company's stock, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. Company insiders own 0.22% of the company's stock.

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.