Prudential Financial Inc. Has $11.12 Million Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Prudential Financial Inc. reduced its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,906 shares of the company's stock after selling 12,326 shares during the quarter. Prudential Financial Inc. owned 0.05% of Cboe Global Markets worth $11,119,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Erste Asset Management GmbH bought a new position in Cboe Global Markets during the 3rd quarter valued at $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cboe Global Markets during the third quarter worth about $158,000. Benjamin Edwards Inc. grew its stake in Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company's stock worth $6,203,000 after purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC bought a new stake in Cboe Global Markets in the third quarter valued at about $216,000. Finally, Harmony Asset Management LLC acquired a new stake in Cboe Global Markets during the third quarter valued at approximately $15,175,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

CBOE stock traded up $2.59 on Wednesday, reaching $227.63. The company's stock had a trading volume of 171,751 shares, compared to its average volume of 792,231. The business has a fifty day simple moving average of $210.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $23.83 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $228.01.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results 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 last year, the firm posted $2.06 EPS. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.11%. Cboe Global Markets's dividend payout ratio (DPR) is 34.90%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CBOE. Barclays boosted their price target on Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating on the stock. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Oppenheimer dropped their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus target price of $206.86.

Insider Activity

In related news, 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 transaction of $2,273,526.36. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which is available through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction 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. In the last ninety days, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by company insiders.

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.