Quadcap Wealth Management LLC Lowers Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Quadcap Wealth Management LLC lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,925 shares of the company’s stock after selling 144 shares during the period. Quadcap Wealth Management LLC’s holdings in Cboe Global Markets were worth $572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York Life Investment Management LLC increased its holdings 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 buying an additional 48 shares during the last quarter. Summit Financial LLC increased its holdings in 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 buying an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in 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 buying an additional 50 shares during the last quarter. Inspire Advisors LLC increased its holdings in Cboe Global Markets by 1.6% during the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after buying an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its holdings in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock worth $234,000 after buying an additional 59 shares during the last quarter. 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 $219.14 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $236.02. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 business’s 50-day simple moving average is $217.72.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company’s revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $2.15 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, May 30th. Cboe Global Markets’s dividend payout ratio is currently 33.03%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Morgan Stanley downgraded shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $256.00 to $215.00 in a research note on Wednesday. Barclays lifted their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Finally, Bank of America reiterated a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $219.64.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, 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 value of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Company 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.