Sentry Investment Management LLC Trims Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Sentry Investment Management LLC reduced its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 551 shares of the company’s stock after selling 59 shares during the period. Sentry Investment Management LLC’s holdings in Cboe Global Markets were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Cboe Global Markets by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,382,015 shares of the company’s stock worth $1,416,751,000 after purchasing an additional 185,967 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cboe Global Markets by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 2,398,830 shares of the company’s stock valued at $321,793,000 after purchasing an additional 79,184 shares in the last quarter. FMR LLC increased its position in Cboe Global Markets by 15.1% during the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock worth $344,728,000 after purchasing an additional 289,048 shares during the period. Morgan Stanley raised its stake in shares of Cboe Global Markets by 24.5% during the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after buying an additional 342,505 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $159,764,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

Shares of Cboe Global Markets stock opened at $177.51 on Friday. The business has a 50 day moving average price of $184.39 and a 200 day moving average price of $178.07. The company has a market capitalization of $18.83 billion, a P/E ratio of 91.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The company had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 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 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the transaction, the executive vice president now owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of analyst reports. Oppenheimer lifted their price target on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Barclays boosted their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Rosenblatt Securities boosted their price objective on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Citigroup lifted their price target on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.36.

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.