Virtu Financial LLC Invests $868,000 in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Virtu Financial LLC acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,444 shares of the company’s stock, valued at approximately $868,000.

Other large investors have also recently bought and sold shares of the company. New York Life Investment Management LLC lifted its position in shares of Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after buying an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC raised its stake in shares of Cboe Global Markets by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock valued at $893,000 after acquiring an additional 50 shares in the last quarter. Inspire Advisors LLC lifted its holdings in Cboe Global Markets by 1.6% in the 4th quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after purchasing an additional 50 shares during the last quarter. Pinnacle Financial Partners Inc boosted its position in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock worth $234,000 after purchasing an additional 59 shares during the period. Finally, One Wealth Advisors LLC grew its holdings in Cboe Global Markets by 5.7% during the fourth quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $217,000 after purchasing an additional 60 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CBOE shares. Jefferies Financial Group reduced their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Oppenheimer lowered 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. Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating for the company. Two 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $206.86.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $212.96 on Tuesday. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $223.51. The company has a market capitalization of $22.30 billion, a PE ratio of 29.50, a PEG ratio of 1.75 and a beta of 0.67. The company has a 50-day moving average of $207.77. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 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 firm earned $2.06 earnings per share. Research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

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.