Sawgrass Asset Management LLC Cuts Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sawgrass Asset Management LLC lessened its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,231 shares of the company's stock after selling 2,005 shares during the period. Sawgrass Asset Management LLC's holdings in Cboe Global Markets were worth $6,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBOE. Erste Asset Management GmbH acquired a new position in shares of Cboe Global Markets during the third quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets during the third quarter worth $158,000. Benjamin Edwards Inc. increased its stake 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 purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC acquired a new position in shares of Cboe Global Markets during the third quarter valued at about $216,000. Finally, Harmony Asset Management LLC bought a new position in shares of Cboe Global Markets during the 3rd quarter worth about $15,175,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded down $5.90 during midday trading on Monday, hitting $202.33. 691,258 shares of the company traded hands, compared to its average volume of 735,564. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.14 and a beta of 0.68. The firm has a 50-day moving average of $199.36. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

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 the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same period in the prior year, the company earned $2.06 earnings per share. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.64 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company 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 $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.25%. Cboe Global Markets's payout ratio is currently 34.33%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm'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 completion of the sale, the executive vice president now owns 8,025 shares of the company's stock, valued at $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 available at this hyperlink. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBOE shares. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, February 11th. William Blair assumed coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. 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 for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. restated an "underweight" rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Finally, Bank of America lifted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $206.86.

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.