Franklin Resources Inc. Reduces Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Franklin Resources Inc. decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 74.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,381 shares of the company's stock after selling 29,702 shares during the period. Franklin Resources Inc.'s holdings in Cboe Global Markets were worth $2,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Cboe Global Markets by 27.9% in the third quarter. Barclays PLC now owns 535,284 shares of the company's stock valued at $109,662,000 after buying an additional 116,852 shares during the last quarter. Harmony Asset Management LLC purchased a new stake in Cboe Global Markets during the 3rd quarter valued at approximately $15,175,000. World Investment Advisors LLC acquired a new stake in Cboe Global Markets during the 3rd quarter worth approximately $14,430,000. Erste Asset Management GmbH acquired a new stake in Cboe Global Markets during the 3rd quarter worth approximately $11,191,000. Finally, O Brien Greene & Co. Inc purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at approximately $8,187,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Up 0.3 %

Shares of CBOE traded up $0.68 during mid-day trading on Friday, hitting $197.23. The company's stock had a trading volume of 476,659 shares, compared to its average volume of 837,494. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The stock has a market capitalization of $20.65 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.71 and a beta of 0.66.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets's dividend payout ratio (DPR) is currently 34.33%.

Analysts Set New Price Targets

CBOE has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $217.00 to $220.00 and gave the stock a "market perform" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Barclays downgraded shares of Cboe Global Markets from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $230.00 to $220.00 in a report on Monday, December 9th.

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.