Frank Rimerman Advisors LLC Decreases Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Frank Rimerman Advisors LLC cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 23.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,413 shares of the company’s stock after selling 1,619 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Cboe Global Markets were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. LBP AM SA lifted its stake in Cboe Global Markets by 16.8% during the 4th quarter. LBP AM SA now owns 36,141 shares of the company’s stock valued at $7,062,000 after acquiring an additional 5,203 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of Cboe Global Markets by 6.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 21,655 shares of the company’s stock valued at $4,243,000 after purchasing an additional 1,400 shares during the last quarter. Erste Asset Management GmbH lifted its stake in shares of Cboe Global Markets by 2.6% in the 4th quarter. Erste Asset Management GmbH now owns 56,326 shares of the company’s stock worth $11,043,000 after purchasing an additional 1,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Cboe Global Markets by 192.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 111,164 shares of the company’s stock valued at $21,721,000 after buying an additional 73,107 shares during the period. Finally, Forge First Asset Management Inc. purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $8,461,000. 82.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. This represents a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Price Performance

CBOE stock opened at $213.95 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The business has a 50 day simple moving average of $204.83. The company has a market cap of $22.40 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business posted $2.06 EPS. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Oppenheimer reduced 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. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research report on Monday, January 6th. 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, Barclays lifted their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Two research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.