Voya Investment Management LLC Lowers Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Voya Investment Management LLC reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,585 shares of the company's stock after selling 12,702 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Cboe Global Markets worth $19,654,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on CBOE shares. Oppenheimer upped their target price on Cboe Global Markets from $233.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. William Blair began coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They issued a "market perform" rating for the company. Bank of America reissued a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of "Hold" and a consensus price target of $218.80.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Trading Up 2.2 %

Shares of CBOE stock traded up $4.75 during trading hours on Wednesday, reaching $221.80. 1,240,289 shares of the company's stock were exchanged, compared to its average volume of 880,403. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year 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 $23.22 billion, a PE ratio of 30.72, a PEG ratio of 1.75 and a beta of 0.47. The firm has a fifty day moving average price of $214.65.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued 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 last year, the business posted $2.06 EPS. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. Cboe Global Markets's dividend payout ratio (DPR) is 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.