Cboe Global Markets, Inc. (NASDAQ:CBOE) Stock Position Cut by Aviva PLC

Aviva PLC reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,434 shares of the company’s stock after selling 3,456 shares during the period. Aviva PLC owned 0.17% of Cboe Global Markets worth $34,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. bought a new stake in Cboe Global Markets during the fourth quarter worth approximately $10,048,000. Wealth Advisors of Tampa Bay LLC raised its stake in shares of Cboe Global Markets by 9.8% in the 4th quarter. Wealth Advisors of Tampa Bay LLC now owns 12,012 shares of the company’s stock worth $2,347,000 after buying an additional 1,073 shares in the last quarter. Prudential PLC raised its stake in shares of Cboe Global Markets by 12.0% in the 4th quarter. Prudential PLC now owns 60,837 shares of the company’s stock worth $11,888,000 after buying an additional 6,521 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of Cboe Global Markets by 444.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 96,666 shares of the company’s stock valued at $18,889,000 after buying an additional 78,919 shares during the period. Finally, Motley Fool Asset Management LLC boosted its stake in Cboe Global Markets by 11.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,198 shares of the company’s stock valued at $429,000 after buying an additional 217 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other 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 transaction of $41,934.00. Following the completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on 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 owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods cut 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 research note on Monday, January 13th. Oppenheimer decreased their price target on shares of 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. Bank of America upped their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $215.05 on Monday. The business’s 50 day moving average price is $212.29. The stock has a market cap of $22.52 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last posted 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 period last year, the business earned $2.06 EPS. On average, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 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.