Kestra Investment Management LLC Makes New $31,000 Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 160 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. One Wealth Advisors LLC lifted its position in Cboe Global Markets by 5.7% in the 4th quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $217,000 after acquiring an additional 60 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Cboe Global Markets by 5.3% during the third quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock valued at $257,000 after purchasing an additional 63 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Cboe Global Markets by 5.3% during the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock valued at $269,000 after buying an additional 66 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Cboe Global Markets by 3.4% during the third quarter. Sunbelt Securities Inc. now owns 2,152 shares of the company’s stock valued at $441,000 after buying an additional 71 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Cboe Global Markets by 2.8% in the 4th quarter. Venturi Wealth Management LLC now owns 3,307 shares of the company’s stock worth $646,000 after buying an additional 90 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Barclays increased their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Bank of America increased 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, William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. Two investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $210.93 on Friday. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The stock’s fifty day simple moving average is $199.97. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.08 billion, a PE ratio of 29.21, a PEG ratio of 1.75 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE) last released 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the company earned $2.06 EPS. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Insider Buying and Selling

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction 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 completion of the sale, the executive vice president now 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. In the last ninety days, insiders sold 11,316 shares of company stock valued at $2,332,393. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets 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.