Commonwealth Equity Services LLC Reduces Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Commonwealth Equity Services LLC cut its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,939 shares of the company's stock after selling 5,537 shares during the period. Commonwealth Equity Services LLC's holdings in Cboe Global Markets were worth $5,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company's stock worth $96,613,000 after purchasing an additional 24,177 shares during the last quarter. Oak Harvest Investment Services acquired a new position in Cboe Global Markets during the fourth quarter worth about $977,000. Forge First Asset Management Inc. acquired a new position in Cboe Global Markets during the fourth quarter worth about $8,461,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Cboe Global Markets by 40.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock valued at $4,750,000 after acquiring an additional 6,943 shares in the last quarter. Finally, Brentview Investment Management LLC acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $3,278,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 1.7 %

CBOE traded up $3.73 during mid-day trading on Wednesday, hitting $217.95. 624,630 shares of the stock were exchanged, compared to its average volume of 806,087. The company has a market cap of $22.82 billion, a P/E ratio of 30.19, a PEG ratio of 1.75 and a beta of 0.67. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average price is $208.19. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $223.51.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted 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 in the previous year, the business posted $2.06 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Activity

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 value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

CBOE has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. The Goldman Sachs Group lowered 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. Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. Barclays increased their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Finally, StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.