Summit Global Investments Purchases New Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Summit Global Investments bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,027 shares of the company's stock, valued at approximately $591,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Cboe Global Markets during the 4th quarter valued at $59,206,000. Amundi increased its holdings in Cboe Global Markets by 27.2% during the fourth quarter. Amundi now owns 885,659 shares of the company's stock worth $170,923,000 after buying an additional 189,280 shares during the last quarter. Victory Capital Management Inc. raised its position in Cboe Global Markets by 64.2% in the fourth quarter. Victory Capital Management Inc. now owns 391,636 shares of the company's stock worth $76,526,000 after acquiring an additional 153,184 shares during the period. E. Ohman J or Asset Management AB raised its position in Cboe Global Markets by 4,157.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company's stock worth $30,407,000 after acquiring an additional 151,961 shares during the period. Finally, abrdn plc boosted its stake in Cboe Global Markets by 341.2% in the fourth quarter. abrdn plc now owns 190,017 shares of the company's stock valued at $37,145,000 after acquiring an additional 146,945 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CBOE shares. Jefferies Financial Group lowered their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, January 9th. Keefe, Bruyette & Woods reduced their target price on shares of 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. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. 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, Bank of America raised their price target on Cboe Global Markets from $245.00 to $251.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Two equities 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, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus target price of $206.86.

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Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction 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 transaction, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares of the company's stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Up 1.1 %

Shares of CBOE stock traded up $2.32 during trading on Thursday, hitting $220.27. The company had a trading volume of 558,087 shares, compared to its average volume of 801,838. The business's 50-day simple moving average is $208.71. The firm has a market cap of $23.06 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. 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 52 week low of $166.13 and a 52 week high of $223.51.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share 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 previous year, the firm posted $2.06 EPS. On average, research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.