CIBC Asset Management Inc Sells 19,644 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

CIBC Asset Management Inc lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 56.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,029 shares of the company’s stock after selling 19,644 shares during the quarter. CIBC Asset Management Inc’s holdings in Cboe Global Markets were worth $2,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in Cboe Global Markets during the fourth quarter worth about $36,000. TD Private Client Wealth LLC boosted its position in Cboe Global Markets by 149.0% during the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $76,000 after purchasing an additional 222 shares during the period. Trust Co. of Vermont boosted its position in Cboe Global Markets by 2,000.0% during the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock worth $82,000 after purchasing an additional 400 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets during the third quarter worth about $158,000. Finally, USA Financial Formulas bought a new position in Cboe Global Markets during the fourth quarter worth about $182,000. Institutional investors own 82.67% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $208.91 on Friday. The company has a 50 day moving average of $199.77. The stock has a market capitalization of $21.87 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.73 and a beta of 0.68. 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, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $2.06 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBOE shares. William Blair started coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods lowered their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Oppenheimer lowered their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets 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.