Invesco Ltd. Lowers Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Invesco Ltd. reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,175,067 shares of the company's stock after selling 195,714 shares during the quarter. Invesco Ltd. owned approximately 1.12% of Cboe Global Markets worth $229,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cboe Global Markets by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after acquiring an additional 56,233 shares during the last quarter. Alliancebernstein L.P. raised its stake in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cboe Global Markets by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after buying an additional 44,291 shares in the last quarter. FMR LLC increased its holdings in shares of Cboe Global Markets by 2.5% in the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after buying an additional 38,587 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $269,524,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have commented on CBOE. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Jefferies Financial Group cut their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Finally, Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Hold" and an average target price of $218.80.

Cboe Global Markets Trading Up 0.2 %

CBOE traded up $0.49 during midday trading on Thursday, hitting $218.46. 120,918 shares of the company traded hands, compared to its average volume of 875,039. The stock's 50 day moving average price is $213.20. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. The stock has a market cap of $22.87 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share 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 quarter in the previous year, the business earned $2.06 earnings per share. Equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.63 per share. 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 dividend payout ratio (DPR) is presently 34.90%.

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last three months. Insiders own 0.22% of the company's stock.

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.