Bank of Nova Scotia Decreases Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank of Nova Scotia lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 92.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,701 shares of the company's stock after selling 192,335 shares during the period. Bank of Nova Scotia's holdings in Cboe Global Markets were worth $3,068,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. FIL Ltd grew its holdings in Cboe Global Markets by 22.9% during the 4th quarter. FIL Ltd now owns 35,383 shares of the company's stock worth $6,914,000 after acquiring an additional 6,599 shares during the period. Bank of Montreal Can boosted its position in shares of Cboe Global Markets by 1.3% during the 4th quarter. Bank of Montreal Can now owns 212,443 shares of the company's stock valued at $41,511,000 after purchasing an additional 2,640 shares in the last quarter. FMR LLC grew its stake in Cboe Global Markets by 2.5% during the fourth quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after purchasing an additional 38,587 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Cboe Global Markets in the fourth quarter worth approximately $110,000. Finally, Envestnet Asset Management Inc. lifted its stake in Cboe Global Markets by 11.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock valued at $39,804,000 after buying an additional 21,161 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 0.0 %

NASDAQ CBOE traded up $0.02 on Wednesday, reaching $217.97. The company had a trading volume of 927,462 shares, compared to its average volume of 885,677. 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 stock has a market capitalization of $22.82 billion, a PE ratio of 30.19, a P/E/G ratio of 1.75 and a beta of 0.47. The business has a fifty day moving average price of $213.20. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37.

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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 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 prior year, the business earned $2.06 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is presently 34.90%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America reaffirmed a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Jefferies Financial Group reduced their target price on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. Morgan Stanley raised Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital set a $260.00 price objective on Cboe Global Markets in a research note on Wednesday, April 2nd. Two 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $218.80.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction dated 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 owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the business'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 completion of the transaction, the executive vice president now 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 three months, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by insiders.

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.