Massachusetts Financial Services Co. MA Lowers Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Massachusetts Financial Services Co. MA reduced its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 65.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 495,984 shares of the company's stock after selling 923,218 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.47% of Cboe Global Markets worth $96,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets during the fourth quarter valued at $29,000. Kestra Investment Management LLC bought a new stake in Cboe Global Markets during the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC purchased a new stake in Cboe Global Markets in the fourth quarter worth about $36,000. Generali Asset Management SPA SGR bought a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $39,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 0.3 %

Shares of Cboe Global Markets stock traded up $0.57 during trading on Thursday, hitting $206.38. 587,131 shares of the stock traded hands, compared to its average volume of 870,200. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. 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 stock has a market cap of $21.61 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.75 and a beta of 0.47. The firm's fifty day moving average is $212.54.

Remove Ads

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business earned $2.06 earnings per share. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.22%. Cboe Global Markets's dividend payout ratio (DPR) is 34.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Piper Sandler boosted their target price on Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a report on Tuesday. Jefferies Financial Group cut their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. William Blair started coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating for the company. Oppenheimer decreased their price target on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of "Hold" and an average target price of $216.90.

Insider Activity

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 owns 248 shares of the company's stock, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the firm'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 transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % 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 over the last 90 days. 0.22% of the stock is currently owned by corporate 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.