Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 32.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501 shares of the company’s stock after selling 242 shares during the quarter. Penserra Capital Management LLC’s holdings in Cboe Global Markets were worth $112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Cboe Global Markets by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company’s stock worth $2,467,700,000 after acquiring an additional 56,233 shares in the last quarter. Alliancebernstein L.P. raised its stake in Cboe Global Markets by 208.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock worth $1,501,745,000 after acquiring an additional 5,193,339 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company’s stock valued at $784,566,000 after purchasing an additional 126,721 shares during the period. Geode Capital Management LLC increased its stake in Cboe Global Markets by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock valued at $535,994,000 after purchasing an additional 44,291 shares during the period. Finally, FMR LLC increased its stake in Cboe Global Markets by 2.5% in the fourth quarter. FMR LLC now owns 1,571,980 shares of the company’s stock valued at $307,165,000 after purchasing an additional 38,587 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president owned 2,183 shares of the company’s stock, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CBOE shares. Citigroup lifted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. UBS Group lifted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Cowen restated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Barclays dropped their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Morgan Stanley lowered shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $221.58.

Cboe Global Markets Stock Up 0.2%

CBOE stock opened at $235.01 on Friday. The company has a market cap of $24.61 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a 52 week low of $169.09 and a 52 week high of $237.27. The company’s 50-day moving average price is $227.73 and its 200 day moving average price is $215.30. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.03%.

Cboe Global Markets Company 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.