Sei Investments Co. Grows Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sei Investments Co. increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,400 shares of the company’s stock after acquiring an additional 2,994 shares during the quarter. Sei Investments Co. owned about 0.07% of Cboe Global Markets worth $15,319,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBOE. Erste Asset Management GmbH bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cboe Global Markets in the third quarter worth about $158,000. Benjamin Edwards Inc. boosted its stake in Cboe Global Markets by 5,967.5% during the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after buying an additional 29,778 shares during the last quarter. Coastwise Capital Group LLC purchased a new position in Cboe Global Markets during the 3rd quarter valued at approximately $216,000. Finally, Harmony Asset Management LLC bought a new stake in Cboe Global Markets in the 3rd quarter worth approximately $15,175,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $222.68 on Friday. The business’s 50 day simple moving average is $209.79. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $223.51. 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 company has a market cap of $23.32 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last released its 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the company earned $2.06 EPS. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.13%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on 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 $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. Bank of America increased their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.