Pitcairn Co. Lowers Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pitcairn Co. decreased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 41.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,411 shares of the company's stock after selling 2,369 shares during the period. Pitcairn Co.'s holdings in Cboe Global Markets were worth $667,000 as of its most recent filing with the SEC.

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

Cboe Global Markets Trading Up 0.6 %

NASDAQ CBOE traded up $1.26 on Thursday, hitting $207.07. The company's stock had a trading volume of 675,423 shares, compared to its average volume of 870,834. The firm's 50-day simple moving average is $212.54. The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 1.75 and a beta of 0.47. 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 52-week low of $166.13 and a 52-week high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $2.10 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 prior year, the firm posted $2.06 EPS. On average, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued 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 yield of 1.22%. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets 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 transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at $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. Insiders sold 11,544 shares of company stock worth $2,380,529 in the last three months. Corporate insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CBOE. Bank of America reaffirmed a "neutral" rating and set a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a report on Thursday. Oppenheimer dropped their price objective 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. Loop Capital set a $260.00 price objective on Cboe Global Markets in a report on Wednesday, April 2nd. Piper Sandler boosted their price target on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $216.90.

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.