Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by World Investment Advisors

World Investment Advisors cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 97.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,506 shares of the company's stock after selling 68,931 shares during the period. World Investment Advisors' holdings in Cboe Global Markets were worth $294,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after acquiring an additional 5,193,339 shares during the last quarter. Norges Bank bought a new position in Cboe Global Markets during the 4th quarter worth approximately $269,524,000. Raymond James Financial Inc. acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $59,206,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Cboe Global Markets by 270.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock valued at $58,559,000 after purchasing an additional 218,865 shares during the last quarter. Finally, Amundi increased its position in shares of 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 period. 82.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBOE shares. StockNews.com upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a "market perform" rating on the stock. Barclays raised their price target on shares of Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, April 7th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Finally, 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 research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and a consensus target price of $218.80.

Remove Ads

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $1.83 during trading on Monday, hitting $216.92. The stock had a trading volume of 92,637 shares, compared to its average volume of 877,079. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a fifty day simple moving average of $212.67. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $234.37. The firm has a market capitalization of $22.71 billion, a PE ratio of 30.04, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released 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 period in the prior year, the company earned $2.06 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's payout ratio is presently 34.90%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares of the company's stock, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company's stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by company insiders.

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.