Martin Investment Management LLC Trims Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Martin Investment Management LLC cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,466 shares of the company’s stock after selling 5,308 shares during the period. Cboe Global Markets accounts for approximately 1.8% of Martin Investment Management LLC’s portfolio, making the stock its 19th largest position. Martin Investment Management LLC’s holdings in Cboe Global Markets were worth $6,735,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $269,524,000. Raymond James Financial Inc. purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth about $59,206,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Cboe Global Markets by 270.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock worth $58,559,000 after acquiring an additional 218,865 shares in the last quarter. Finally, Amundi increased its stake in shares of Cboe Global Markets by 27.2% in the 4th quarter. Amundi now owns 885,659 shares of the company’s stock worth $170,923,000 after acquiring an additional 189,280 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Trading Down 0.6 %

NASDAQ:CBOE opened at $225.04 on Wednesday. The company has a market cap of $23.56 billion, a P/E ratio of 31.17, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a 50 day moving average of $210.98. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $227.22.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS 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 business posted $2.06 earnings per share. Research analysts forecast 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. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the business’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 sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBOE shares. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Jefferies Financial Group dropped their price target on shares of 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. Finally, Oppenheimer reduced their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.