Corebridge Financial Inc. Sells 1,626 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Corebridge Financial Inc. reduced its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,794 shares of the company’s stock after selling 1,626 shares during the period. Corebridge Financial Inc.’s holdings in Cboe Global Markets were worth $4,845,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $59,206,000. Amundi lifted its holdings in Cboe Global Markets by 27.2% during the 4th quarter. Amundi now owns 885,659 shares of the company’s stock valued at $170,923,000 after buying an additional 189,280 shares in the last quarter. Victory Capital Management Inc. boosted its position in Cboe Global Markets by 64.2% in the 4th quarter. Victory Capital Management Inc. now owns 391,636 shares of the company’s stock valued at $76,526,000 after buying an additional 153,184 shares during the period. E. Ohman J or Asset Management AB increased its position in shares of Cboe Global Markets by 4,157.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock worth $30,407,000 after acquiring an additional 151,961 shares during the period. Finally, abrdn plc raised its stake in shares of Cboe Global Markets by 341.2% during the fourth quarter. abrdn plc now owns 190,017 shares of the company’s stock valued at $37,145,000 after acquiring an additional 146,945 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $222.68 on Friday. 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 market cap of $23.32 billion, a PE ratio of 30.84, a P/E/G ratio of 1.75 and a beta of 0.67. The firm has a 50-day moving average price of $209.79. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $223.51.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the company earned $2.06 earnings per share. On average, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Analyst Ratings Changes

CBOE has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Barclays raised their price target on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. William Blair initiated coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating on the stock. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Bank of America upped their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.