Robeco Institutional Asset Management B.V. Sells 44,733 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 628,297 shares of the company’s stock after selling 44,733 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.60% of Cboe Global Markets worth $142,177,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CBOE. NBC Securities Inc. purchased a new stake in Cboe Global Markets during the 1st quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $29,000. Generali Asset Management SPA SGR purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $39,000. 82.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBOE. 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 report on Thursday, April 10th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. UBS Group increased their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Barclays lifted their price objective on Cboe Global Markets from $232.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $219.64.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president now directly owns 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $230.60 on Thursday. The company has a 50-day moving average price of $224.02 and a 200-day moving average price of $212.34. Cboe Global Markets, Inc. has a 52 week low of $166.88 and a 52 week high of $236.02. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.15 billion, a P/E ratio of 31.94, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating 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 last year, the business earned $2.15 earnings per share. Cboe Global Markets’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. Cboe Global Markets’s dividend payout ratio (DPR) is 33.03%.

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.