CIBC Asset Management Inc Sells 19,644 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

CIBC Asset Management Inc decreased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,029 shares of the company's stock after selling 19,644 shares during the quarter. CIBC Asset Management Inc's holdings in Cboe Global Markets were worth $2,937,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth about $36,000. TD Private Client Wealth LLC boosted its position in shares of Cboe Global Markets by 149.0% during the 3rd 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 in the last quarter. Trust Co. of Vermont boosted its position in shares of Cboe Global Markets by 2,000.0% during the 4th quarter. Trust Co. of Vermont now owns 420 shares of the company's stock valued at $82,000 after acquiring an additional 400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $158,000. Finally, USA Financial Formulas acquired a new position in Cboe Global Markets in the fourth quarter valued at about $182,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 1.0 %

Shares of CBOE stock traded up $2.02 during trading hours on Friday, hitting $210.93. 811,852 shares of the company were exchanged, compared to its average volume of 746,769. The company has a 50 day moving average of $199.97. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $221.66. The stock has a market cap of $22.08 billion, a P/E ratio of 29.21, a PEG ratio of 1.76 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 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 company posted $2.06 EPS. On average, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 1.19%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares of the company's stock, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the firm'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 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 11,316 shares of company stock valued at $2,332,393 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of research reports. StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. reissued an "underweight" rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Barclays boosted their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, Bank of America boosted their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $206.86.

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.