Advisors Asset Management Inc. Boosts Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Advisors Asset Management Inc. increased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,016 shares of the company's stock after buying an additional 1,958 shares during the period. Advisors Asset Management Inc.'s holdings in Cboe Global Markets were worth $2,739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $31,000. Sugar Maple Asset Management LLC purchased a new position in Cboe Global Markets during the 4th quarter worth $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cboe Global Markets during the 4th quarter valued at $39,000. Jones Financial Companies Lllp lifted its holdings in shares of Cboe Global Markets by 40.5% in the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after buying an additional 62 shares during the period. Finally, Avalon Trust Co purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at $46,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Up 1.7 %

Shares of NASDAQ:CBOE traded up $3.73 during trading on Wednesday, hitting $217.95. The stock had a trading volume of 624,667 shares, compared to its average volume of 806,087. The business's 50-day moving average price is $208.19. The firm has a market capitalization of $22.82 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $223.51. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate 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 firm earned $2.06 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on 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 completion of the transaction, the executive vice president now owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,544 shares of company stock worth $2,380,529. Insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 on the stock. in a report on Monday, January 6th. William Blair began coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Jefferies Financial Group dropped their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. Finally, Oppenheimer lowered their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $206.86.

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.