Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 44.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,211 shares of the company’s stock after selling 12,212 shares during the quarter. QRG Capital Management Inc.’s holdings in Cboe Global Markets were worth $2,972,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBOE shares. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. The Goldman Sachs Group downgraded 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Oppenheimer dropped their target price on shares of 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. Finally, Bank of America raised their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $210.80 on Friday. The company’s 50-day moving average is $201.24. The stock has a market cap of $22.07 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.75 and a beta of 0.68. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data 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 quarter in the previous year, the business posted $2.06 EPS. Analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. Cboe Global Markets’s payout ratio is currently 34.90%.

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

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.