Cerity Partners LLC Decreases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Cerity Partners LLC reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,115 shares of the company’s stock after selling 315 shares during the period. Cerity Partners LLC’s holdings in Cboe Global Markets were worth $3,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in Cboe Global Markets by 2.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,239 shares of the company’s stock valued at $1,412,000 after acquiring an additional 171 shares during the last quarter. Banque Pictet & Cie SA acquired a new position in Cboe Global Markets during the first quarter worth about $450,000. Rehmann Capital Advisory Group lifted its holdings in shares of Cboe Global Markets by 17.4% in the first quarter. Rehmann Capital Advisory Group now owns 2,072 shares of the company’s stock valued at $469,000 after purchasing an additional 307 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Cboe Global Markets by 3.0% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 9,216 shares of the company’s stock worth $2,085,000 after purchasing an additional 267 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CBOE shares. UBS Group increased their target price on Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Oppenheimer upped their price objective on Cboe Global Markets from $249.00 to $253.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America reaffirmed a “neutral” rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Citigroup lifted 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. Finally, Barclays cut their target price on shares of Cboe Global Markets from $245.00 to $243.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $222.58.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $238.45 on Friday. Cboe Global Markets, Inc. has a 1 year low of $181.32 and a 1 year high of $239.67. 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 firm has a 50 day moving average price of $228.21 and a 200 day moving average price of $216.56. The company has a market cap of $24.97 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating 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 business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.03%.

Insider Buying and Selling

In other news, EVP Catherine R. Clay sold 3,598 shares of the firm’s 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 transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.