Allspring Global Investments Holdings LLC Has $7.26 Million Holdings in Cboe Global Markets, Inc. $CBOE

Allspring Global Investments Holdings LLC lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 56.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,895 shares of the company’s stock after selling 33,298 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cboe Global Markets were worth $7,258,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $354,578,000. Balyasny Asset Management L.P. boosted its position in shares of Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after acquiring an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after acquiring an additional 635,199 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Cboe Global Markets in the third quarter valued at about $107,052,000. Finally, Amundi increased its position in Cboe Global Markets by 47.9% during the fourth quarter. Amundi now owns 981,720 shares of the company’s stock worth $246,412,000 after acquiring an additional 317,941 shares during the period. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CBOE shares. Barclays reduced their price target on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Loop Capital set a $304.00 price objective on shares of Cboe Global Markets in a research note on Monday. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $303.60.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Trading Up 1.1%

Shares of Cboe Global Markets stock opened at $284.86 on Friday. The firm has a market capitalization of $30.21 billion, a PE ratio of 146.84 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $287.56 and its 200 day moving average is $288.99. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid 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 was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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. 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.