Moran Wealth Management LLC Lowers Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Moran Wealth Management LLC reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,009 shares of the company's stock after selling 3,054 shares during the quarter. Moran Wealth Management LLC's holdings in Cboe Global Markets were worth $6,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Cboe Global Markets by 5.4% during the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company's stock valued at $96,613,000 after buying an additional 24,177 shares during the period. Oak Harvest Investment Services purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $977,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cboe Global Markets by 40.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock worth $4,750,000 after acquiring an additional 6,943 shares in the last quarter. Brentview Investment Management LLC bought a new stake in Cboe Global Markets during the fourth quarter valued at about $3,278,000. Finally, Skylands Capital LLC grew its stake in Cboe Global Markets by 88.9% in the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after purchasing an additional 4,000 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Down 0.5 %

Shares of NASDAQ CBOE traded down $1.18 during midday trading on Friday, reaching $213.95. 658,829 shares of the stock were exchanged, compared to its average volume of 803,500. 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 company has a market capitalization of $22.40 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The firm has a 50-day moving average price of $204.46. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $2.10 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 last year, the firm earned $2.06 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % 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 valued at $2,380,529. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CBOE. Keefe, Bruyette & Woods lowered 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 report on Monday, January 13th. JPMorgan Chase & Co. restated an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Bank of America boosted their price target on Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Barclays raised their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, Oppenheimer cut their price objective on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.