Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,682 shares of the company’s stock after selling 22,206 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cboe Global Markets were worth $23,386,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Cboe Global Markets during the fourth quarter worth $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $36,000. Generali Asset Management SPA SGR bought a new stake in Cboe Global Markets during the fourth quarter valued at about $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Cboe Global Markets in the fourth quarter valued at about $39,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBOE. Jefferies Financial Group cut their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Bank of America upped their price target 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. Barclays raised their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Oppenheimer decreased their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $220.27 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $223.51. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.75 and a beta of 0.67. 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 50-day moving average price of $209.24.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (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 previous year, the business earned $2.06 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Insiders Place Their Bets

In other news, CAO Allen Wilkinson sold 228 shares of the firm’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 sale, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

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.