Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Bought by Prudential PLC

Prudential PLC boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,837 shares of the company's stock after buying an additional 6,521 shares during the period. Prudential PLC owned 0.06% of Cboe Global Markets worth $11,888,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company's stock valued at $96,613,000 after buying an additional 24,177 shares during the period. Oak Harvest Investment Services acquired a new position in shares of Cboe Global Markets during the 4th quarter valued at $977,000. Forge First Asset Management Inc. acquired a new position in shares of Cboe Global Markets during the 4th quarter valued at $8,461,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Cboe Global Markets by 40.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock valued at $4,750,000 after purchasing an additional 6,943 shares in the last quarter. Finally, Brentview Investment Management LLC purchased a new position in Cboe Global Markets in the fourth quarter valued at about $3,278,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares of the company's stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

CBOE has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on 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. Bank of America reiterated a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday. Keefe, Bruyette & Woods lowered their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Oppenheimer dropped their target price on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target for the company. in a report on Monday, January 6th. Two investment 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. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and a consensus price target of $216.90.

Cboe Global Markets Price Performance

Shares of CBOE stock traded up $1.26 on Thursday, hitting $207.07. 675,423 shares of the stock traded hands, compared to its average volume of 870,834. The company has a market cap of $21.68 billion, a P/E ratio of 28.68, a PEG ratio of 1.75 and a beta of 0.47. The stock's fifty day moving average is $212.54. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $234.37.

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

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. 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 payout ratio is currently 34.90%.

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.