Raymond James Financial Inc. Purchases Shares of 303,001 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Raymond James Financial Inc. bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 303,001 shares of the company's stock, valued at approximately $59,206,000. Raymond James Financial Inc. owned 0.29% of Cboe Global Markets at the end of the most recent quarter.

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

Cboe Global Markets Price Performance

Shares of CBOE stock traded down $1.18 during trading hours on Friday, reaching $213.95. The stock had a trading volume of 658,829 shares, compared to its average volume of 803,500. The company has a market cap of $22.40 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.75 and a beta of 0.67. The company's 50-day simple moving average is $204.46. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business posted $2.06 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Analyst Ratings Changes

Several equities analysts have recently commented on CBOE shares. 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. The Goldman Sachs Group downgraded Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Barclays boosted their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $206.86.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the company's 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 sale, the executive vice president now directly owns 1,993 shares of the company's stock, valued at approximately $417,872.31. This 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 sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

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.