Allspring Global Investments Holdings LLC Sells 90,829 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 288,066 shares of the company's stock after selling 90,829 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of Cboe Global Markets worth $56,588,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Cboe Global Markets during the 4th quarter worth about $36,000. TD Private Client Wealth LLC grew its position in shares of Cboe Global Markets by 149.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $76,000 after buying an additional 222 shares during the period. Trust Co. of Vermont raised its stake in shares of Cboe Global Markets by 2,000.0% during the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company's stock worth $82,000 after buying an additional 400 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cboe Global Markets in the third quarter valued at approximately $158,000. Finally, USA Financial Formulas bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $182,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

CBOE stock traded down $5.90 during mid-day trading on Monday, hitting $202.33. 691,258 shares of the company were exchanged, compared to its average volume of 735,564. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The business has a 50 day simple moving average of $199.38. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.14 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same quarter last year, the business earned $2.06 EPS. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.64 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.25%. Cboe Global Markets's dividend payout ratio (DPR) is 34.33%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction 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. This represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBOE. The Goldman Sachs Group cut shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, February 11th. Finally, Oppenheimer cut their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cboe Global Markets currently has an average rating of "Hold" and a consensus price target of $206.86.

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.