Federated Hermes Inc. Reduces Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Federated Hermes Inc. lowered its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,015 shares of the company's stock after selling 1,287 shares during the quarter. Federated Hermes Inc. owned 0.06% of Cboe Global Markets worth $11,336,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Cboe Global Markets by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after purchasing an additional 56,233 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after buying an additional 5,193,339 shares during the period. Geode Capital Management LLC grew its position in Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after buying an additional 44,291 shares in the last quarter. Norges Bank bought a new position in Cboe Global Markets during the fourth quarter valued at about $269,524,000. Finally, Amundi raised its holdings in Cboe Global Markets by 27.2% in the 4th quarter. Amundi now owns 885,659 shares of the company's stock valued at $170,923,000 after acquiring an additional 189,280 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

CBOE has been the subject of several recent research reports. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target for the company in a research report on Tuesday, April 8th. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. Piper Sandler boosted their target price on shares of Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group dropped their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $218.80.

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Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was 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 directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 in the last 90 days. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Down 0.0 %

Shares of CBOE stock traded down $0.07 during trading hours on Tuesday, hitting $217.08. 140,323 shares of the company were exchanged, compared to its average volume of 878,169. The firm has a market cap of $22.73 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company's fifty day moving average price is $212.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) 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 period in the prior year, the company posted $2.06 EPS. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Cboe Global Markets Company 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.