Stack Financial Management Inc Acquires Shares of 108,956 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Stack Financial Management Inc bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the fourth quarter, Holdings Channel.com reports. The firm bought 108,956 shares of the company’s stock, valued at approximately $21,290,000. Cboe Global Markets accounts for approximately 1.9% of Stack Financial Management Inc’s holdings, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Financial Partners Inc boosted its position in Cboe Global Markets by 5.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after buying an additional 59 shares during the last quarter. One Wealth Advisors LLC lifted its stake in shares of Cboe Global Markets by 5.7% during the fourth 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 during the period. Rehmann Capital Advisory Group boosted its holdings in Cboe Global Markets by 5.3% in the third quarter. Rehmann Capital Advisory Group now owns 1,253 shares of the company’s stock valued at $257,000 after acquiring an additional 63 shares during the last quarter. Coldstream Capital Management Inc. increased its position in Cboe Global Markets by 5.3% in the third quarter. Coldstream Capital Management Inc. now owns 1,318 shares of the company’s stock worth $269,000 after purchasing an additional 66 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Cboe Global Markets by 3.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,152 shares of the company’s stock worth $441,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Transactions at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,316 shares of company stock valued at $2,332,393 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Trading Down 0.1 %

Shares of Cboe Global Markets stock opened at $210.79 on Tuesday. The business’s fifty day simple moving average is $200.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market cap of $22.07 billion, a P/E ratio of 29.20, a PEG ratio of 1.75 and a beta of 0.68. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results 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 period last year, the business posted $2.06 EPS. Analysts predict 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. William Blair assumed coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. 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. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. Finally, Bank of America lifted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Company 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.