Sagespring Wealth Partners LLC Purchases Shares of 1,044 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sagespring Wealth Partners LLC acquired a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,044 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds have also modified their holdings of the company. Optimize Financial Inc acquired a new position in Cboe Global Markets in the fourth quarter valued at $309,000. Distillate Capital Partners LLC lifted its stake in shares of Cboe Global Markets by 7.7% in the 4th quarter. Distillate Capital Partners LLC now owns 82,952 shares of the company’s stock valued at $16,209,000 after purchasing an additional 5,937 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Cboe Global Markets by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,252 shares of the company’s stock worth $1,222,000 after purchasing an additional 2,229 shares during the period. Paralel Advisors LLC grew its holdings in shares of Cboe Global Markets by 10.0% during the 4th quarter. Paralel Advisors LLC now owns 13,664 shares of the company’s stock worth $2,670,000 after purchasing an additional 1,240 shares during the period. Finally, RiverGlades Family Offices LLC increased its position in Cboe Global Markets by 8.7% during the 4th quarter. RiverGlades Family Offices LLC now owns 2,500 shares of the company’s stock worth $488,000 after purchasing an additional 200 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated 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 in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction dated 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 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. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CBOE shares. Loop Capital set a $260.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Piper Sandler upped their price target on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 price target for the company in a report on Tuesday, April 8th. 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. Finally, Bank of America reiterated a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $218.80.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $217.07 on Friday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $234.37. The company has a 50-day simple moving average of $213.20. 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 stock has a market capitalization of $22.73 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last announced its 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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business earned $2.06 earnings per share. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

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.