Sterling Capital Management LLC Boosts Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sterling Capital Management LLC grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 55.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,252 shares of the company's stock after acquiring an additional 2,229 shares during the quarter. Sterling Capital Management LLC's holdings in Cboe Global Markets were worth $1,222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Lee Danner & Bass Inc. purchased 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 shares of Cboe Global Markets in the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $36,000. Generali Asset Management SPA SGR bought a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Cboe Global Markets in the fourth quarter worth $39,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Trading Up 0.2 %

CBOE stock traded up $0.51 during trading on Monday, reaching $217.58. The stock had a trading volume of 64,093 shares, compared to its average volume of 869,894. The firm's 50 day moving average is $213.53. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 30.14, 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 announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (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 in the prior year, the business earned $2.06 EPS. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed 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. This represents a $2.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction that occurred on 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 owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock worth $2,380,529 over the last 90 days. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Piper Sandler increased their price objective on Cboe Global Markets from $230.00 to $234.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Bank of America reiterated a "neutral" rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Oppenheimer boosted their price objective on shares of Cboe Global Markets from $233.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th. Finally, Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Two equities research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $218.80.

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.