OFI Invest Asset Management Purchases New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

OFI Invest Asset Management acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,400 shares of the company's stock, valued at approximately $1,019,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBOE. Raymond James Financial Inc. bought a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $59,206,000. Amundi boosted its position in shares of Cboe Global Markets by 27.2% in the 4th quarter. Amundi now owns 885,659 shares of the company's stock worth $170,923,000 after purchasing an additional 189,280 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Cboe Global Markets by 64.2% during the fourth quarter. Victory Capital Management Inc. now owns 391,636 shares of the company's stock worth $76,526,000 after purchasing an additional 153,184 shares during the period. E. Ohman J or Asset Management AB increased its holdings in Cboe Global Markets by 4,157.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company's stock valued at $30,407,000 after purchasing an additional 151,961 shares during the last quarter. Finally, abrdn plc boosted its holdings in Cboe Global Markets by 341.2% during the fourth quarter. abrdn plc now owns 190,017 shares of the company's stock worth $37,145,000 after buying an additional 146,945 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of analyst reports. Barclays boosted their price objective 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. Jefferies Financial Group lowered their price target on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a report on Thursday, January 9th. 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 report on Tuesday, January 7th. Oppenheimer reduced their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Finally, StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Two 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $206.86.

Remove Ads

Cboe Global Markets Trading Up 3.2 %

NASDAQ CBOE traded up $6.63 on Thursday, hitting $215.13. 1,060,489 shares of the company's stock were exchanged, compared to its average volume of 806,371. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $221.66. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.52 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The business has a 50-day moving average price of $204.08.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued 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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the company earned $2.06 earnings per share. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, February 28th. Cboe Global Markets's payout ratio is currently 34.90%.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares of the company's stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by insiders.

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.