Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,888 shares of the company's stock after selling 9,184 shares during the period. HighTower Advisors LLC owned about 0.06% of Cboe Global Markets worth $13,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CBOE. Erste Asset Management GmbH acquired a new stake in Cboe Global Markets in the third quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cboe Global Markets in the third quarter valued at about $158,000. Benjamin Edwards Inc. increased its holdings in Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company's stock valued at $6,203,000 after buying an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC purchased a new position in Cboe Global Markets in the third quarter valued at about $216,000. Finally, Harmony Asset Management LLC purchased a new position in Cboe Global Markets in the third quarter valued at about $15,175,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

CBOE stock traded up $1.25 during midday trading on Thursday, hitting $219.05. The stock had a trading volume of 660,891 shares, compared to its average volume of 789,084. The company has a market cap of $22.93 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.75 and a beta of 0.67. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66. The business has a 50-day moving average price of $206.37.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $2.10 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 previous year, the firm earned $2.06 earnings per share. As a group, sell-side analysts anticipate 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. Shareholders 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 yield of 1.15%. Cboe Global Markets's payout ratio is currently 34.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBOE. Bank of America increased their target price on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a report on Monday, February 10th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a "market perform" rating for the company. Barclays increased their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. The Goldman Sachs Group cut shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price for the company. in a report on Monday, January 6th. Finally, Jefferies Financial Group dropped their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of "Hold" and an average price target of $206.86.

Insiders Place Their Bets

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 transaction, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on 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 owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,544 shares of company stock valued at $2,380,529. Company 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.