American Century Companies Inc. cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 7.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 128,135 shares of the company’s stock after selling 10,033 shares during the period. American Century Companies Inc. owned approximately 0.12% of Cboe Global Markets worth $31,425,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sagespring Wealth Partners LLC increased its stake in Cboe Global Markets by 4.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after buying an additional 42 shares during the period. IHT Wealth Management LLC boosted its position in Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after buying an additional 44 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Cboe Global Markets by 3.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after acquiring an additional 46 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Cboe Global Markets by 3.3% during the third quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $353,000 after acquiring an additional 46 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Cboe Global Markets by 2.7% during the third quarter. J.W. Cole Advisors Inc. now owns 1,806 shares of the company’s stock worth $443,000 after acquiring an additional 48 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Cboe Global Markets
In related news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at $120,043.90. This trade represents a 37.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the transaction, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,695 shares of company stock worth $1,628,981. Insiders own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. UBS Group reissued a “neutral” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Morgan Stanley upped their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Barclays increased their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $279.00.
Check Out Our Latest Analysis on Cboe Global Markets
Cboe Global Markets Stock Performance
Shares of CBOE opened at $301.27 on Friday. The business’s fifty day moving average price is $273.94 and its 200 day moving average price is $255.46. Cboe Global Markets, Inc. has a 12-month low of $200.88 and a 12-month high of $305.68. The stock has a market capitalization of $31.53 billion, a PE ratio of 41.73, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.10 earnings per share. The company’s revenue was up 28.0% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets’s dividend payout ratio is presently 27.64%.
Cboe Global Markets Profile
Cboe Global Markets NASDAQ: CBOE is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.
The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.
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