Massachusetts Financial Services Co. MA Has $96.92 Million Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Massachusetts Financial Services Co. MA decreased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 65.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 495,984 shares of the company’s stock after selling 923,218 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Cboe Global Markets were worth $96,915,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CBOE. JPMorgan Chase & Co. grew its position in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after purchasing an additional 24,177 shares in the last quarter. Oak Harvest Investment Services bought a new stake in Cboe Global Markets during the fourth quarter worth about $977,000. Forge First Asset Management Inc. acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cboe Global Markets by 40.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after buying an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC acquired a new position in Cboe Global Markets during the fourth quarter worth $3,278,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of several recent analyst reports. Barclays raised their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating for the company. Jefferies Financial Group decreased their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Finally, Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $206.86.

Insiders Place Their Bets

In other news, EVP Adam Inzirillo sold 200 shares of the company’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 value of $41,934.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Down 4.8 %

CBOE opened at $215.05 on Friday. The company has a market capitalization of $22.52 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37. The business’s 50-day moving average price is $212.29.

Cboe Global Markets (NASDAQ:CBOE) last announced 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 prior year, the firm earned $2.06 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is presently 34.90%.

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.