Sawgrass Asset Management LLC Sells 2,005 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sawgrass Asset Management LLC cut its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,231 shares of the company’s stock after selling 2,005 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Cboe Global Markets were worth $6,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after acquiring an additional 24,177 shares in the last quarter. Oak Harvest Investment Services purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $977,000. Brentview Investment Management LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $3,278,000. Mirae Asset Global Investments Co. Ltd. grew its position in 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 worth $4,750,000 after purchasing an additional 6,943 shares during the period. Finally, Covea Finance grew its stake in shares of Cboe Global Markets by 283.2% during the 4th quarter. Covea Finance now owns 43,300 shares of the company’s stock valued at $8,461,000 after acquiring an additional 32,000 shares during the period. 82.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CBOE. 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. Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research note on Monday, January 6th. Finally, Oppenheimer cut their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Price Performance

Shares of CBOE opened at $212.04 on Thursday. The stock has a market cap of $22.20 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $221.66. The business’s 50 day moving average price is $199.40. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly 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 19.65% and a return on equity of 22.33%. During the same period in the previous year, the business posted $2.06 EPS. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.64 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.19%. Cboe Global Markets’s payout ratio is presently 34.33%.

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.