Lazard Asset Management LLC Decreases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Lazard Asset Management LLC decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 39.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,168 shares of the company’s stock after selling 55,213 shares during the period. Lazard Asset Management LLC’s holdings in Cboe Global Markets were worth $16,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC lifted its position in Cboe Global Markets by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock valued at $3,035,000 after acquiring an additional 48 shares during the last quarter. Summit Financial LLC raised its holdings in shares of Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after buying an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after buying an additional 50 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after buying an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in shares of Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock worth $234,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $220.38 on Wednesday. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 30.52, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $236.02. The business has a fifty day simple moving average of $217.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 1.14%. Cboe Global Markets’s dividend payout ratio is presently 33.03%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CBOE. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a report on Monday, May 5th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of Cboe Global Markets from $235.00 to $256.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Piper Sandler raised their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $223.36.

Insider Activity at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the firm’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 sale, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $52,357.76. This represents a 47.90% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

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.