Benjamin Edwards Inc. Raises Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Benjamin Edwards Inc. increased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,703 shares of the company’s stock after purchasing an additional 4,426 shares during the period. Benjamin Edwards Inc.’s holdings in Cboe Global Markets were worth $6,782,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its holdings in Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the last quarter. Norges Bank purchased a new position in Cboe Global Markets in the fourth quarter valued at approximately $269,524,000. Raymond James Financial Inc. acquired a new position in Cboe Global Markets during the fourth quarter valued at approximately $59,206,000. First Trust Advisors LP grew its stake in Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock worth $58,317,000 after buying an additional 263,585 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Cboe Global Markets by 270.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock worth $58,559,000 after acquiring an additional 218,865 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 2.3 %

CBOE opened at $231.65 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $215.75. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

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 firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $2.15 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 annualized dividend and a yield of 1.09%. Cboe Global Markets’s dividend payout ratio is presently 33.03%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBOE. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their target price on 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. Oppenheimer upped their price target on Cboe Global Markets from $237.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday. Finally, William Blair initiated coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $226.36.

Insider Buying and Selling at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. This represents a 47.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % 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 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Cboe Global Markets Profile

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.