Chevy Chase Trust Holdings LLC Cuts Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Chevy Chase Trust Holdings LLC reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,935 shares of the company's stock after selling 1,321 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Cboe Global Markets worth $10,734,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its position in shares of Cboe Global Markets by 14.3% in the 4th quarter. V Square Quantitative Management LLC now owns 5,073 shares of the company's stock worth $991,000 after buying an additional 633 shares during the period. Avestar Capital LLC grew its position in shares of Cboe Global Markets by 9.8% in the 4th quarter. Avestar Capital LLC now owns 2,368 shares of the company's stock worth $463,000 after buying an additional 212 shares during the period. Van ECK Associates Corp grew its position in shares of Cboe Global Markets by 1.3% in the 4th quarter. Van ECK Associates Corp now owns 18,666 shares of the company's stock worth $3,647,000 after buying an additional 245 shares during the period. Portfolio Design Labs LLC grew its position in shares of Cboe Global Markets by 3.2% in the 4th quarter. Portfolio Design Labs LLC now owns 4,054 shares of the company's stock worth $792,000 after buying an additional 127 shares during the period. Finally, Axecap Investments LLC grew its position in shares of Cboe Global Markets by 42.4% in the 4th quarter. Axecap Investments LLC now owns 6,467 shares of the company's stock worth $1,264,000 after buying an additional 1,924 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CBOE. Keefe, Bruyette & Woods reduced their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Bank of America increased 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 report on Monday, February 10th. 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. 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 objective on the stock. in a research report on Monday, January 6th. 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 an average rating of "Hold" and an average target price of $206.86.

Cboe Global Markets Stock Down 0.6 %

CBOE traded down $1.34 during midday trading on Thursday, hitting $208.91. 481,117 shares of the company traded hands, compared to its average volume of 744,797. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.73 and a beta of 0.68. The firm has a 50-day moving average of $199.59. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $221.66.

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 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 quarter in the prior year, the firm posted $2.06 earnings per share. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.