Cboe Global Markets, Inc. (BATS:CBOE) Stake Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,124 shares of the company’s stock after selling 642 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cboe Global Markets were worth $2,522,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. lifted its stake in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock worth $244,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP lifted its stake in Cboe Global Markets by 75.3% in the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Moors & Cabot Inc. lifted its stake in Cboe Global Markets by 2.3% in the third quarter. Moors & Cabot Inc. now owns 3,305 shares of the company’s stock valued at $516,000 after buying an additional 75 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Cboe Global Markets by 1.5% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,123 shares of the company’s stock valued at $800,000 after buying an additional 76 shares during the last quarter. Finally, Clear Street Markets LLC lifted its stake in Cboe Global Markets by 93.5% in the first quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Rosenblatt Securities raised their target price on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Barclays raised their target price on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Citigroup raised their price target on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $190.18.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,322 shares of Cboe Global Markets stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the transaction, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Price Performance

BATS:CBOE opened at $180.40 on Friday. The business’s 50-day moving average price is $184.33 and its 200 day moving average price is $178.23. The firm has a market cap of $19.13 billion, a P/E ratio of 92.99 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 earnings per share. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.