MML Investors Services LLC Raises Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

MML Investors Services LLC boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 132.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,916 shares of the company’s stock after buying an additional 10,775 shares during the quarter. MML Investors Services LLC’s holdings in Cboe Global Markets were worth $3,696,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. New York Life Investment Management LLC boosted its position in Cboe Global Markets by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after acquiring an additional 48 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of Cboe Global Markets by 0.4% during the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after purchasing an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in shares of Cboe Global Markets by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after purchasing an additional 50 shares during the last quarter. Inspire Advisors LLC grew its position in shares of Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock valued at $611,000 after purchasing an additional 50 shares during the period. Finally, Pinnacle Financial Partners Inc increased its stake in Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 0.4 %

Shares of NASDAQ:CBOE opened at $213.59 on Friday. The firm has a market capitalization of $22.36 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The firm has a 50 day moving average price of $214.23. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.06 EPS. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock worth $2,380,529 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group lowered their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, Oppenheimer increased their target price on Cboe Global Markets from $233.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $218.80.

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.