Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 19.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,514 shares of the company’s stock after selling 10,479 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cboe Global Markets were worth $8,494,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter valued at $31,000. Sugar Maple Asset Management LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at about $36,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp boosted its holdings in Cboe Global Markets by 40.5% in the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company’s stock worth $42,000 after acquiring an additional 62 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Cboe Global Markets by 149.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Activity at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % 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 quarter. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $215.13 on Friday. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. 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 business’s 50-day simple moving average is $204.08. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the previous year, the firm posted $2.06 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Barclays boosted 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. 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. Jefferies Financial Group lowered their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Finally, Bank of America lifted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two 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. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $206.86.

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.