Russell Investments Group Ltd. Sells 19,286 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Russell Investments Group Ltd. reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,004 shares of the company's stock after selling 19,286 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Cboe Global Markets worth $34,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. Envestnet Asset Management Inc. grew its holdings in Cboe Global Markets by 11.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock worth $39,804,000 after acquiring an additional 21,161 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Cboe Global Markets during the fourth quarter valued at $10,048,000. Wealth Advisors of Tampa Bay LLC lifted its holdings in shares of Cboe Global Markets by 9.8% during the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 12,012 shares of the company's stock worth $2,347,000 after purchasing an additional 1,073 shares during the period. Prudential PLC grew its stake in shares of Cboe Global Markets by 12.0% in the fourth quarter. Prudential PLC now owns 60,837 shares of the company's stock worth $11,888,000 after purchasing an additional 6,521 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in Cboe Global Markets by 444.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 96,666 shares of the company's stock valued at $18,889,000 after purchasing an additional 78,919 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on CBOE shares. Barclays lifted their target price on Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. Jefferies Financial Group cut their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research note on Thursday, January 9th. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 target price for the company in a research report on Tuesday, April 8th. Loop Capital set a $260.00 price target on shares of Cboe Global Markets in a research report on Wednesday, April 2nd. Finally, Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Cboe Global Markets has a consensus rating of "Hold" and an average target price of $218.80.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the business'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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 in the last three months. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Up 2.4 %

Shares of CBOE traded up $5.07 on Friday, reaching $215.09. 1,190,618 shares of the company's stock traded hands, compared to its average volume of 888,846. The business has a 50 day moving average price of $212.67. The firm has a market capitalization of $22.52 billion, a PE ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. 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 (NASDAQ:CBOE - Get Free Report) last released 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the firm earned $2.06 EPS. Analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share 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. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's payout ratio is 34.90%.

About Cboe Global Markets

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.