Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 93.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,559 shares of the company’s stock after selling 20,763 shares during the period. Wellington Management Group LLP’s holdings in Cboe Global Markets were worth $305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schroder Investment Management Group lifted its holdings in shares of Cboe Global Markets by 244.7% during the fourth quarter. Schroder Investment Management Group now owns 5,374 shares of the company’s stock valued at $1,053,000 after purchasing an additional 3,815 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Cboe Global Markets by 270.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock worth $58,559,000 after buying an additional 218,865 shares during the period. Allstate Corp purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $596,000. Level Four Advisory Services LLC boosted its holdings in shares of Cboe Global Markets by 1.3% in the fourth quarter. Level Four Advisory Services LLC now owns 5,513 shares of the company’s stock worth $1,077,000 after buying an additional 73 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in shares of Cboe Global Markets by 8.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 71,505 shares of the company’s stock worth $13,972,000 after acquiring an additional 5,368 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $217.15 on Tuesday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The business has a 50-day moving average price of $212.85.

Cboe Global Markets (NASDAQ:CBOE) last issued 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 prior year, the business posted $2.06 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Loop Capital set a $260.00 price target on shares of Cboe Global Markets in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Barclays lifted their price target on Cboe Global Markets from $216.00 to $232.00 and gave the company an “equal weight” rating in a report on Monday, April 7th. Oppenheimer increased their price objective on Cboe Global Markets from $233.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Bank of America restated a “neutral” rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $218.80.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last three months. Corporate insiders own 0.22% of the company’s stock.

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.