Parnassus Investments LLC Sells 55,737 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Parnassus Investments LLC cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 507,032 shares of the company's stock after selling 55,737 shares during the quarter. Parnassus Investments LLC owned 0.48% of Cboe Global Markets worth $99,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Erste Asset Management GmbH bought a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the third quarter worth approximately $158,000. Benjamin Edwards Inc. raised its holdings in Cboe Global Markets by 5,967.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company's stock worth $6,203,000 after purchasing an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $216,000. Finally, Harmony Asset Management LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at $15,175,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 1.4 %

NASDAQ CBOE traded up $3.07 during trading hours on Tuesday, hitting $218.96. 598,942 shares of the company were exchanged, compared to its average volume of 798,265. 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 stock has a 50-day moving average price of $205.31. The stock has a market capitalization of $22.93 billion, a PE ratio of 30.33, a PEG ratio of 1.75 and a beta of 0.67.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share 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 in the prior year, the company posted $2.06 EPS. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a dividend yield of 1.15%. Cboe Global Markets's dividend payout ratio is presently 34.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBOE. Bank of America lifted their target price on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Jefferies Financial Group dropped their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, January 9th. Oppenheimer reduced their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Barclays increased 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. Finally, Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $206.86.

Insider Activity at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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 owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were 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 directly owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,544 shares of company stock worth $2,380,529. 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.