D.A. Davidson & CO. Reduces Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

D.A. Davidson & CO. cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 58.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,113 shares of the company's stock after selling 2,920 shares during the quarter. D.A. Davidson & CO.'s holdings in Cboe Global Markets were worth $413,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC increased its stake in Cboe Global Markets by 149.0% in the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $76,000 after acquiring an additional 222 shares during the last quarter. Trust Co. of Vermont increased its stake in Cboe Global Markets by 2,000.0% in the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company's stock valued at $82,000 after acquiring an additional 400 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the third quarter valued at approximately $158,000. Finally, USA Financial Formulas bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $182,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Up 1.3 %

CBOE stock traded up $2.80 during trading on Friday, reaching $210.80. The stock had a trading volume of 922,136 shares, compared to its average volume of 765,821. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. 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 stock has a 50 day moving average price of $201.24. The stock has a market cap of $22.07 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the company earned $2.06 earnings per share. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Friday, February 28th. Cboe Global Markets's payout ratio is 34.90%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CBOE shares. Bank of America lifted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Jefferies Financial Group dropped 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. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued 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 research note on Thursday, February 20th. Finally, The Goldman Sachs Group downgraded shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $206.86.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the business'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 transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was 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 sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company's stock.

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.