Ameriprise Financial Inc. Lowers Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Ameriprise Financial Inc. cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 39.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,823 shares of the company’s stock after selling 75,927 shares during the period. Ameriprise Financial Inc. owned about 0.11% of Cboe Global Markets worth $22,621,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AXA S.A. raised its holdings in shares of Cboe Global Markets by 38.8% in the fourth quarter. AXA S.A. now owns 78,778 shares of the company’s stock valued at $15,393,000 after purchasing an additional 22,031 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $484,000. Freestone Grove Partners LP purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $16,178,000. Rehmann Capital Advisory Group raised its holdings in shares of Cboe Global Markets by 40.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,765 shares of the company’s stock valued at $345,000 after purchasing an additional 512 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Cboe Global Markets by 9.2% in the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company’s stock valued at $242,861,000 after purchasing an additional 104,257 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $213.41 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $236.02. The stock’s 50-day moving average is $217.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market capitalization of $22.35 billion, a P/E ratio of 29.56, a PEG ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.15 earnings per share. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s payout ratio is 33.03%.

Insider Transactions at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

CBOE has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, May 5th. UBS Group increased their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a report on Monday, May 5th. Bank of America reiterated a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, Morgan Stanley downgraded shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $256.00 to $215.00 in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $219.64.

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.