Sterling Capital Management LLC Buys 2,229 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sterling Capital Management LLC boosted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 55.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,252 shares of the company’s stock after buying an additional 2,229 shares during the quarter. Sterling Capital Management LLC’s holdings in Cboe Global Markets were worth $1,222,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in shares of Cboe Global Markets during the 4th quarter worth $29,000. Kestra Investment Management LLC purchased a new stake in Cboe Global Markets in the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC bought a new position in Cboe Global Markets during the 4th quarter worth about $36,000. Generali Asset Management SPA SGR purchased a new position in Cboe Global Markets during the 4th quarter valued at about $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $39,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CBOE. Keefe, Bruyette & Woods dropped their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Oppenheimer increased their target price on Cboe Global Markets from $233.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Barclays boosted their price target on Cboe Global Markets from $216.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research report on Wednesday, April 2nd. Finally, 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 for the company. in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $218.80.

Cboe Global Markets Stock Up 0.4 %

CBOE opened at $217.95 on Wednesday. The firm has a market capitalization of $22.82 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.75 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average is $213.07. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37.

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. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

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.