First Trust Advisors LP Raises Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

First Trust Advisors LP raised its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 756.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298,450 shares of the company's stock after buying an additional 263,585 shares during the quarter. First Trust Advisors LP owned about 0.29% of Cboe Global Markets worth $58,317,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price objective for the company in a research note on Tuesday, April 8th. Barclays boosted their price objective on shares of Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. Oppenheimer lifted their target price on Cboe Global Markets from $233.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, April 11th. Piper Sandler lifted their price objective on Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has a consensus rating of "Hold" and a consensus target price of $218.80.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $214.07 on Wednesday. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $234.37. The firm has a market capitalization of $22.41 billion, a P/E ratio of 29.65, a PEG ratio of 1.75 and a beta of 0.47. 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's 50-day simple moving average is $213.70.

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

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on 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 completion of the transaction, the executive vice president now owns 8,025 shares of the company's stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,544 shares of company stock valued at $2,380,529. 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.

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