Northern Trust Corp Grows Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Northern Trust Corp lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,242,890 shares of the company's stock after acquiring an additional 104,257 shares during the quarter. Northern Trust Corp owned 1.19% of Cboe Global Markets worth $242,861,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets during the fourth quarter valued at $29,000. Kestra Investment Management LLC acquired a new stake in Cboe Global Markets in the 4th quarter worth about $31,000. Sugar Maple Asset Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $36,000. Generali Asset Management SPA SGR acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $39,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Trading Down 0.3 %

Shares of CBOE opened at $221.21 on Friday. The firm has a 50-day moving average of $214.85. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $234.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company earned $2.06 earnings per share. Equities research analysts forecast 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. Stockholders 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 dividend yield of 1.14%. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CBOE shares. Oppenheimer increased their price objective on Cboe Global Markets from $233.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Barclays raised their price target on shares of Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a research note on Monday, April 7th. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 target price on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group dropped their price target on 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $218.80.

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.

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