Zacks Investment Management Raises Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Zacks Investment Management increased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,325 shares of the company's stock after purchasing an additional 4,017 shares during the quarter. Zacks Investment Management's holdings in Cboe Global Markets were worth $3,385,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 in the last 90 days. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Down 2.8 %

CBOE traded down $6.05 during trading on Wednesday, reaching $208.02. The stock had a trading volume of 509,564 shares, compared to its average volume of 874,664. 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 market capitalization of $21.78 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The firm's 50 day simple moving average is $213.70. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $234.37.

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 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 prior year, the business earned $2.06 earnings per share. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared 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 of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. Cboe Global Markets's payout ratio is currently 34.90%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBOE. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America reissued a "neutral" rating and issued a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Barclays upped their price target on Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a "market perform" rating on the stock. Finally, Keefe, Bruyette & Woods decreased their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.