Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lessened its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,555 shares of the company’s stock after selling 388 shares during the quarter. Mount Lucas Management LP’s holdings in Cboe Global Markets were worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after acquiring an additional 24,177 shares in the last quarter. Oak Harvest Investment Services purchased a new position in Cboe Global Markets during the fourth quarter worth approximately $977,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares during the period. Brentview Investment Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $3,278,000. Finally, Skylands Capital LLC increased its position in shares of Cboe Global Markets by 88.9% in the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company’s stock valued at $1,661,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of the business’s 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 sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $213.63 on Monday. 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’s fifty day moving average is $203.04. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $2.06 EPS. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s payout ratio is presently 34.90%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBOE. Keefe, Bruyette & Woods dropped their price target on shares of 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. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday, January 6th. Barclays lifted their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Jefferies Financial Group reduced their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Finally, Oppenheimer lowered their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $206.86.

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.