Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Bought by Summit Financial LLC

Summit Financial LLC grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,908 shares of the company’s stock after acquiring an additional 48 shares during the quarter. Summit Financial LLC’s holdings in Cboe Global Markets were worth $2,131,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CBOE. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets in the 4th quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $31,000. Sugar Maple Asset Management LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at $36,000. Generali Asset Management SPA SGR purchased a new position in Cboe Global Markets in the 4th quarter worth $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Activity

In other news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBOE. Barclays raised their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. William Blair initiated coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer cut their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock 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 issued a buy rating to the company. According to MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Up 1.5 %

NASDAQ:CBOE opened at $226.06 on Tuesday. 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, Inc. has a 52 week low of $166.13 and a 52 week high of $227.22. The company’s 50-day simple moving average is $210.42. The firm has a market cap of $23.67 billion, a PE ratio of 31.31, a PEG ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last announced its 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 return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the company earned $2.06 EPS. Sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Cboe Global Markets Company 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.