Allspring Global Investments Holdings LLC Boosts Stake in Cboe Global Markets, Inc. $CBOE

Allspring Global Investments Holdings LLC boosted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 59,193 shares of the company’s stock after purchasing an additional 7,012 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Cboe Global Markets worth $14,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caprock Group LLC purchased a new stake in Cboe Global Markets during the 3rd quarter worth approximately $4,156,000. Andra AP fonden lifted its holdings in Cboe Global Markets by 7.9% during the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after buying an additional 9,100 shares in the last quarter. Nordea Investment Management AB boosted its position in Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after buying an additional 237,887 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cboe Global Markets by 557.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock worth $9,070,000 after acquiring an additional 31,919 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new position in shares of Cboe Global Markets in the third quarter worth $2,074,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CBOE shares. Morgan Stanley increased their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Barclays increased their price target on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $279.00.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,695 shares of company stock worth $1,628,981 in the last ninety days. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Price Performance

CBOE stock opened at $289.95 on Friday. The business has a 50 day moving average price of $282.95 and a 200 day moving average price of $262.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $30.75 billion, a price-to-earnings ratio of 149.46 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets Company Profile

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.