Virtu Financial LLC Invests $868,000 in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Virtu Financial LLC purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,444 shares of the company’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Global Investments bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $591,000. TD Private Client Wealth LLC grew its holdings in Cboe Global Markets by 528.6% during the 4th quarter. TD Private Client Wealth LLC now owns 2,332 shares of the company’s stock worth $456,000 after acquiring an additional 1,961 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $29,000. Northwest & Ethical Investments L.P. raised its position in shares of Cboe Global Markets by 76.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 76,807 shares of the company’s stock valued at $15,008,000 after acquiring an additional 33,299 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Cboe Global Markets by 5.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 51,139 shares of the company’s stock valued at $9,993,000 after purchasing an additional 2,649 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $212.96 on Tuesday. 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 52-week low of $166.13 and a 52-week high of $223.51. The business’s 50 day simple moving average is $207.77. The company has a market cap of $22.30 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS 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 last year, the business earned $2.06 EPS. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insider Activity

In other news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. 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 three months. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CBOE shares. Oppenheimer dropped their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods cut 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 report on Monday, January 13th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.