Cboe Global Markets, Inc. (NASDAQ:CBOE) is Horizon Kinetics Asset Management LLC's 10th Largest Position

Horizon Kinetics Asset Management LLC reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 414,474 shares of the company's stock after selling 3,190 shares during the quarter. Cboe Global Markets accounts for 1.0% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 10th largest position. Horizon Kinetics Asset Management LLC owned 0.40% of Cboe Global Markets worth $80,988,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at about $31,000. Sugar Maple Asset Management LLC acquired a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $36,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp lifted its holdings in 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 buying an additional 62 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in Cboe Global Markets in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

CBOE stock traded down $4.65 during midday trading on Friday, reaching $214.77. 1,526,584 shares of the company were exchanged, compared to its average volume of 807,909. The company has a market capitalization of $22.49 billion, a P/E ratio of 29.75, a price-to-earnings-growth 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 1-year low of $166.13 and a 1-year high of $223.51. The company's 50-day moving average price is $206.90.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly 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 last year, the business earned $2.06 EPS. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Buying and Selling

In other news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares of the company's stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on 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 $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $2,380,529 in the last quarter. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Oppenheimer reduced their price target on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Finally, 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 report on Monday, February 10th. Two investment 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.com, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus price target 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.