Ethic Inc. Acquires 2,684 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Ethic Inc. lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,346 shares of the company’s stock after purchasing an additional 2,684 shares during the quarter. Ethic Inc.’s holdings in Cboe Global Markets were worth $5,148,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. raised its holdings in Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock worth $1,501,745,000 after buying an additional 5,193,339 shares during the period. Norges Bank acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $269,524,000. Raymond James Financial Inc. bought a new stake in Cboe Global Markets in the 4th quarter valued at $59,206,000. First Trust Advisors LP boosted its stake in Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock worth $58,317,000 after purchasing an additional 263,585 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in Cboe Global Markets by 108.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company’s stock worth $3,498,000 after purchasing an additional 234,199 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBOE. Piper Sandler upped their price objective on Cboe Global Markets from $234.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods cut their target price 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. Oppenheimer raised their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. UBS Group boosted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Barclays increased their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $223.36.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $231.71 on Friday. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $236.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market cap of $24.26 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.75 and a beta of 0.44. The firm has a 50-day moving average price of $217.40.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. Cboe Global Markets’s dividend payout ratio (DPR) is 33.03%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last ninety days. 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.