Pinnacle Financial Partners Inc Increases Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pinnacle Financial Partners Inc lifted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,196 shares of the company’s stock after purchasing an additional 59 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Cboe Global Markets were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CBOE. Erste Asset Management GmbH acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth $158,000. Benjamin Edwards Inc. boosted its position in shares of Cboe Global Markets by 5,967.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth $216,000. Finally, Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth $15,175,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $210.93 on Monday. The company’s 50-day moving average is $199.97. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.75 and a beta of 0.68. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. 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 data on Friday, February 7th. The company reported $2.10 earnings per share 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 in the previous year, the business posted $2.06 EPS. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,316 shares of company stock worth $2,332,393. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBOE. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods lowered their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Bank of America lifted 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. Finally, Oppenheimer lowered their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $206.86.

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.