Stack Financial Management Inc Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Stack Financial Management Inc acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,956 shares of the company’s stock, valued at approximately $21,290,000. Cboe Global Markets makes up approximately 1.9% of Stack Financial Management Inc’s investment portfolio, making the stock its 19th largest position. Stack Financial Management Inc owned approximately 0.10% of Cboe Global Markets at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after acquiring an additional 24,177 shares in the last quarter. Oak Harvest Investment Services bought a new stake in Cboe Global Markets during the fourth quarter worth approximately $977,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cboe Global Markets by 40.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares during the last quarter. Brentview Investment Management LLC acquired a new position in Cboe Global Markets during the fourth quarter valued at approximately $3,278,000. Finally, Triasima Portfolio Management inc. bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $1,196,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 0.1 %

Shares of NASDAQ CBOE opened at $210.79 on Tuesday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. 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 company has a fifty day moving average price of $200.27. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.68.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.20%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the firm’s 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 sale, the executive vice president now owns 8,025 shares of the company’s stock, 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 filing with the SEC, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’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 transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,316 shares of company stock valued at $2,332,393. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Jefferies Financial Group cut their price objective 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. William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating on the stock. Finally, Oppenheimer dropped their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from 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.