M&T Bank Corp Reduces Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

M&T Bank Corp reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,872 shares of the company’s stock after selling 244 shares during the quarter. M&T Bank Corp’s holdings in Cboe Global Markets were worth $650,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Cboe Global Markets during the 1st quarter valued at approximately $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $29,000. Greenline Partners LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth about $29,000. Generali Asset Management SPA SGR purchased a new stake in Cboe Global Markets in the 4th quarter worth about $37,000. Finally, Jones Financial Companies Lllp increased its position in Cboe Global Markets by 40.5% in the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company’s stock worth $42,000 after purchasing an additional 62 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Piper Sandler raised their target price on Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. Finally, Bank of America reaffirmed a “neutral” rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $222.58.

Cboe Global Markets Stock Down 0.9%

NASDAQ:CBOE opened at $233.95 on Wednesday. Cboe Global Markets, Inc. has a 12-month low of $171.89 and a 12-month high of $237.72. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.50 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.75 and a beta of 0.43. The stock’s fifty day simple moving average is $227.83 and its 200-day simple moving average is $215.83.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. Equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. Cboe Global Markets’s dividend payout ratio (DPR) is 33.03%.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction dated Friday, May 23rd. The stock was 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 approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

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.