Optimize Financial Inc Purchases New Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Optimize Financial Inc acquired a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,581 shares of the company's stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets in the 4th quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $36,000. Generali Asset Management SPA SGR bought a new stake in Cboe Global Markets during the fourth quarter worth about $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets in the fourth quarter worth $39,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Dave Howson sold 11,036 shares of the company's 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CBOE shares. StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America restated a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Barclays lifted their price objective on Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Jefferies Financial Group cut their target price on shares of 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $218.80.

Cboe Global Markets Stock Performance

CBOE traded up $0.02 during trading on Wednesday, reaching $217.97. 927,462 shares of the stock were exchanged, compared to its average volume of 885,677. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The business's 50 day moving average price is $213.20. The company has a market cap of $22.82 billion, a PE ratio of 30.19, a P/E/G ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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 return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the company posted $2.06 EPS. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

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.