Envestnet Asset Management Inc. Has $39.80 Million Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Envestnet Asset Management Inc. raised its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,703 shares of the company's stock after buying an additional 21,161 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Cboe Global Markets worth $39,804,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBOE. Lee Danner & Bass Inc. bought a new position in Cboe Global Markets in the 4th quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new stake in Cboe Global Markets during the fourth quarter valued at approximately $31,000. Sugar Maple Asset Management LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $36,000. Generali Asset Management SPA SGR acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Cboe Global Markets in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 8,025 shares of the company's stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last quarter. 0.22% of the stock is owned by company insiders.

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Cboe Global Markets Price Performance

Cboe Global Markets stock traded up $0.93 during trading hours on Thursday, hitting $218.90. The company had a trading volume of 107,562 shares, compared to its average volume of 874,895. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.75 and a beta of 0.47. The business's 50-day moving average is $213.20. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. 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 data on Friday, February 7th. The company reported $2.10 earnings per share 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 last year, the firm posted $2.06 earnings per share. As a group, research analysts expect 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CBOE shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. William Blair assumed coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating on the stock. 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 note on Monday, April 7th. Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Finally, Piper Sandler upped their price objective on shares of Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock 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.