Pinebridge Investments L.P. Sells 12,414 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pinebridge Investments L.P. lowered its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,853 shares of the company's stock after selling 12,414 shares during the quarter. Pinebridge Investments L.P. owned about 0.19% of Cboe Global Markets worth $38,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CBOE. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets during the 4th quarter valued at about $29,000. Kestra Investment Management LLC bought a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $31,000. Sugar Maple Asset Management LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $36,000. Generali Asset Management SPA SGR bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $39,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Down 0.1 %

Shares of Cboe Global Markets stock opened at $214.07 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37. The company has a market capitalization of $22.41 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The firm's 50 day moving average is $213.70.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business posted $2.06 earnings per share. Sell-side analysts expect 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. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Buying and Selling

In related news, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction 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 directly owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The sale 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 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 owns 1,993 shares in the company, valued at $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 quarter, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CBOE shares. Piper Sandler lifted their price objective on Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Oppenheimer lifted their target price on shares of Cboe Global Markets from $233.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a research note on Monday, January 6th. Finally, Loop Capital set a $260.00 price target on shares of Cboe Global Markets in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $218.80.

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.

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