State of Tennessee Department of Treasury Trims Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

State of Tennessee Department of Treasury reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,406 shares of the company's stock after selling 12,274 shares during the quarter. State of Tennessee Department of Treasury's holdings in Cboe Global Markets were worth $7,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC purchased a new position in Cboe Global Markets during the fourth quarter worth about $36,000. Generali Asset Management SPA SGR acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBOE. Loop Capital set a $260.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, April 2nd. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group reduced their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, January 9th. Morgan Stanley upgraded shares of 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, William Blair initiated coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a "market perform" rating on the stock. Two research 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. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of "Hold" and a consensus price target of $218.80.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on Thursday, February 20th. The shares were 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 filing with the SEC, which is available at the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Price Performance

Shares of CBOE traded up $1.61 during mid-day trading on Wednesday, reaching $218.66. The company's stock had a trading volume of 227,644 shares, compared to its average volume of 867,849. The firm's 50 day moving average price is $214.43. The firm has a market capitalization of $22.89 billion, a PE ratio of 30.29, a PEG ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $234.37. 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 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 previous year, the company posted $2.06 EPS. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

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.