Primecap Management Co. CA Trims Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Primecap Management Co. CA reduced its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,400 shares of the company’s stock after selling 800 shares during the quarter. Primecap Management Co. CA’s holdings in Cboe Global Markets were worth $1,837,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Cboe Global Markets by 5.4% during 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 during the last quarter. Oak Harvest Investment Services purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $977,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cboe Global Markets by 40.3% during 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 purchasing an additional 6,943 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in Cboe Global Markets in the 4th quarter worth $8,461,000. Finally, Brentview Investment Management LLC purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $3,278,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CBOE shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. William Blair started coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating on the stock. Jefferies Financial Group cut their target price on 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. Oppenheimer reduced their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Stock Down 0.9 %

NASDAQ CBOE opened at $217.67 on Thursday. The company has a market capitalization of $22.79 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.75 and a beta of 0.67. The company’s 50 day moving average price is $206.37. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last announced its 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 net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the firm posted $2.06 EPS. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

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.