Kestra Investment Management LLC Makes New $31,000 Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 160 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Erste Asset Management GmbH bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cboe Global Markets in the third quarter valued at approximately $158,000. Benjamin Edwards Inc. boosted its stake in shares of Cboe Global Markets by 5,967.5% during the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $216,000. Finally, Harmony Asset Management LLC bought a new position in shares of Cboe Global Markets in the third quarter worth approximately $15,175,000. 82.67% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets 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 completion of the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,316 shares of company stock worth $2,332,393. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $210.93 on Friday. The business has a 50-day moving average of $199.97. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.75 and a beta of 0.68. Cboe Global Markets, Inc. has a one year low of $166.13 and a one 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 (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business posted $2.06 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.19%. 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 research analysts recently commented on CBOE shares. Barclays upped their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods dropped their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Finally, William Blair assumed coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $206.86.

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.