Stifel Financial Corp Has $6.17 Million Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Stifel Financial Corp cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.8% during the 4th quarter, Holdings Channel reports. The fund owned 31,554 shares of the company’s stock after selling 576 shares during the period. Stifel Financial Corp’s holdings in Cboe Global Markets were worth $6,166,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CBOE. JPMorgan Chase & Co. grew its stake in Cboe Global Markets by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after acquiring an additional 24,177 shares during the period. Oak Harvest Investment Services acquired a new stake in Cboe Global Markets in the 4th quarter valued at $977,000. Forge First Asset Management Inc. bought a new stake in Cboe Global Markets during the 4th quarter valued at $8,461,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cboe Global Markets by 40.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock worth $4,750,000 after buying an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at $3,278,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. Company insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $217.05 on Wednesday. The stock has a market capitalization of $22.73 billion, a P/E ratio of 30.06, a PEG ratio of 1.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. The stock’s 50-day moving average is $214.43.

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

Cboe Global Markets Dividend Announcement

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

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Cboe Global Markets from $230.00 to $234.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a report on Monday, January 6th. 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. Oppenheimer upped their price target on Cboe Global Markets from $233.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. Finally, Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 price objective on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $218.80.

About Cboe Global Markets

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.