Charles Schwab Investment Management Inc. Increases Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Charles Schwab Investment Management Inc. grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585,656 shares of the company's stock after buying an additional 17,628 shares during the period. Charles Schwab Investment Management Inc. owned 0.56% of Cboe Global Markets worth $114,437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new position in Cboe Global Markets during the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $36,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth about $39,000. Jones Financial Companies Lllp increased its position in shares of Cboe Global Markets by 40.5% in the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Finally, TD Private Client Wealth LLC raised 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 purchasing an additional 222 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CBOE shares. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They issued a "market perform" rating for the company. The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. Bank of America upped their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Barclays raised their price objective 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $206.86.

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Insider Activity at Cboe Global Markets

In related 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 transaction of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares of the company's stock, 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 SEC, which is available at this link. 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 completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % 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 quarter. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded down $3.43 during trading hours on Wednesday, reaching $207.73. The company had a trading volume of 798,470 shares, compared to its average volume of 795,054. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66. The stock has a 50-day simple moving average of $203.82. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly 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 quarter in the prior year, the business earned $2.06 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets's payout ratio is 34.90%.

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.