Frank Rimerman Advisors LLC Cuts Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Frank Rimerman Advisors LLC lessened its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOEFree Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,413 shares of the company’s stock after selling 1,619 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cboe Global Markets were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CBOE. LBP AM SA increased its holdings in shares of Cboe Global Markets by 16.8% in the fourth quarter. LBP AM SA now owns 36,141 shares of the company’s stock worth $7,062,000 after buying an additional 5,203 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Cboe Global Markets by 6.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 21,655 shares of the company’s stock worth $4,243,000 after acquiring an additional 1,400 shares during the last quarter. Erste Asset Management GmbH increased its stake in Cboe Global Markets by 2.6% in the 4th quarter. Erste Asset Management GmbH now owns 56,326 shares of the company’s stock worth $11,043,000 after purchasing an additional 1,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cboe Global Markets by 192.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 111,164 shares of the company’s stock valued at $21,721,000 after purchasing an additional 73,107 shares during the period. Finally, Forge First Asset Management Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $8,461,000. 82.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated 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 owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock worth $2,380,529 in the last 90 days. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Trading Down 0.5 %

CBOE opened at $213.95 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market capitalization of $22.40 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The business has a fifty day moving average price of $204.83. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66.

Cboe Global Markets (NASDAQ:CBOEGet Free Report) last issued its quarterly 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 quarter in the prior year, the business earned $2.06 earnings per share. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. Jefferies Financial Group dropped their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Keefe, Bruyette & Woods cut their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, Bank of America upped their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $206.86.

Check Out Our Latest Stock Report on Cboe Global Markets

About Cboe Global Markets

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

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