Legal & General Group Plc Cuts Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Legal & General Group Plc reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,014,922 shares of the company's stock after selling 77,725 shares during the period. Legal & General Group Plc owned 0.97% of Cboe Global Markets worth $198,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its stake in Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock worth $3,035,000 after purchasing an additional 48 shares in the last quarter. Summit Financial LLC boosted its stake in Cboe Global Markets by 0.4% during the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company's stock valued at $2,131,000 after buying an additional 48 shares during the period. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company's stock worth $893,000 after buying an additional 50 shares in the last quarter. Inspire Advisors LLC increased its stake in Cboe Global Markets by 1.6% in the 4th quarter. Inspire Advisors LLC now owns 3,127 shares of the company's stock worth $611,000 after acquiring an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in Cboe Global Markets by 5.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company's stock worth $234,000 after acquiring an additional 59 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

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Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares of the company's stock, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated an "underweight" rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Morgan Stanley upgraded shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price objective on the stock in a research report on Tuesday, April 8th. Piper Sandler upped their target price on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective for the company. in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $218.80.

Cboe Global Markets Stock Down 0.0 %

Shares of Cboe Global Markets stock traded down $0.01 on Tuesday, hitting $217.14. The stock had a trading volume of 153,202 shares, compared to its average volume of 878,417. 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 $234.37. The firm has a 50-day moving average of $212.85. The firm has a market cap of $22.73 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data 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 quarter in the previous year, the firm posted $2.06 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is currently 34.90%.

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.