Frank Rimerman Advisors LLC Decreases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Frank Rimerman Advisors LLC lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,413 shares of the company's stock after selling 1,619 shares during the period. Frank Rimerman Advisors LLC's holdings in Cboe Global Markets were worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at approximately $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp lifted its holdings in shares of Cboe Global Markets by 40.5% during the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company's stock worth $42,000 after acquiring an additional 62 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Cboe Global Markets by 72.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the company's stock worth $59,000 after acquiring an additional 127 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Trading Up 0.7 %

CBOE stock traded up $1.62 during trading on Thursday, hitting $219.42. The company had a trading volume of 664,015 shares, compared to its average volume of 794,279. 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 one year low of $166.13 and a one year high of $221.66. The stock has a 50-day moving average price of $206.37. The firm has a market cap of $22.97 billion, a PE ratio of 30.39, a PEG ratio of 1.75 and a beta of 0.67.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted 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 last year, the firm earned $2.06 EPS. 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 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 was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.15%. Cboe Global Markets's dividend payout ratio is presently 34.90%.

Insider Activity 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 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 transaction, the executive vice president now directly owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the firm'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 completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 in the last three months. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CBOE shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Oppenheimer dropped their price objective on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research note on Thursday, January 9th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $206.86.

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.