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:CBOE) 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:CBOE) 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.

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.