Legal & General Group Plc Cuts Holdings in Cboe Global Markets, Inc. $CBOE

Legal & General Group Plc cut its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 13.8% during the 4th quarter, Holdings Channel reports. The firm owned 790,008 shares of the company’s stock after selling 126,413 shares during the quarter. Legal & General Group Plc’s holdings in Cboe Global Markets were worth $198,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Cboe Global Markets by 129.9% during the fourth quarter. Hantz Financial Services Inc. now owns 200 shares of the company’s stock worth $50,000 after purchasing an additional 113 shares during the last quarter. Connors Investor Services Inc. purchased a new position in Cboe Global Markets in the fourth quarter valued at about $733,000. Swedbank AB boosted its stake in Cboe Global Markets by 0.4% in the fourth quarter. Swedbank AB now owns 108,784 shares of the company’s stock valued at $27,305,000 after acquiring an additional 381 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Cboe Global Markets by 12.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,150 shares of the company’s stock valued at $540,000 after acquiring an additional 239 shares during the last quarter. Finally, Shelter Rock Management LLC purchased a new position in Cboe Global Markets in the fourth quarter valued at about $2,821,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $347.69 on Thursday. The stock has a market capitalization of $36.88 billion, a P/E ratio of 179.22 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $314.08 and its 200 day moving average is $283.86. Cboe Global Markets, Inc. has a 12 month low of $218.14 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 EPS. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CBOE shares. Erste Group Bank started coverage on shares of Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Morgan Stanley boosted their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $322.60.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.