1,240 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Bought by Redwood Financial Network Corp

Redwood Financial Network Corp bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,240 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBOE. Oak Harvest Investment Services purchased a new stake in Cboe Global Markets in the 4th quarter valued at about $977,000. Forge First Asset Management Inc. purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares during the period. Brentview Investment Management LLC bought a new position in Cboe Global Markets in the fourth quarter worth approximately $3,278,000. Finally, Skylands Capital LLC increased its holdings in Cboe Global Markets by 88.9% during the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $213.41 on Thursday. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $236.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The business’s 50-day simple moving average is $217.72.

Cboe Global Markets (NASDAQ:CBOE) last released 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 net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the firm posted $2.15 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.03%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBOE. Oppenheimer upped their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Bank of America reaffirmed a “neutral” rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Morgan Stanley cut shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $256.00 to $215.00 in a report on Wednesday. Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Barclays lifted their price target on Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $219.64.

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.