BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,712 shares of the company’s stock after selling 661 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Cboe Global Markets were worth $1,748,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CBOE. US Bancorp DE boosted its position in shares of Cboe Global Markets by 13.4% during the 4th quarter. US Bancorp DE now owns 1,443 shares of the company’s stock valued at $134,000 after acquiring an additional 171 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Cboe Global Markets by 4.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,828 shares of the company’s stock valued at $356,000 after purchasing an additional 174 shares in the last quarter. IFP Advisors Inc lifted its position in Cboe Global Markets by 87.7% during the fourth quarter. IFP Advisors Inc now owns 381 shares of the company’s stock valued at $30,000 after purchasing an additional 178 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Cboe Global Markets by 5.3% during the fourth quarter. Venturi Wealth Management LLC now owns 3,684 shares of the company’s stock valued at $343,000 after purchasing an additional 184 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in Cboe Global Markets by 2.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 7,962 shares of the company’s stock worth $741,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Cboe Global Markets stock opened at $112.64 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $12.17 billion, a PE ratio of 26.91, a PEG ratio of 2.83 and a beta of 0.63. Cboe Global Markets, Inc. has a 1-year low of $87.87 and a 1-year high of $122.88.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 28th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 27th. Cboe Global Markets’s payout ratio is 35.52%.
Cboe Global Markets announced that its Board of Directors has approved a share repurchase program on Friday, February 5th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
CBOE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $107.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, May 10th. Argus upped their price objective on Cboe Global Markets from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, May 10th. Oppenheimer raised their price objective on Cboe Global Markets from $113.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, May 10th. Rosenblatt Securities upped their target price on Cboe Global Markets from $118.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 10th. Finally, Piper Sandler raised shares of Cboe Global Markets from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $93.00 to $108.00 in a research note on Wednesday, March 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $170.31.
In other Cboe Global Markets news, CEO Edward T. Tilly sold 15,000 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $115.00, for a total transaction of $1,725,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John P. Sexton sold 1,996 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $107.19, for a total value of $213,951.24. Following the transaction, the executive vice president now owns 18,892 shares in the company, valued at approximately $2,025,033.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,707 shares of company stock worth $2,457,688. 0.57% of the stock is currently owned by company insiders.
Cboe Global Markets Profile
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.
Featured Story: Stop Order
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (NASDAQ:CBOE).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.