Kovitz Investment Group Partners LLC reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,071 shares of the company’s stock after selling 12,608 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Cboe Global Markets were worth $23,612,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Sound Income Strategies LLC increased its stake in shares of Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at about $26,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth about $31,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth about $33,000. Finally, DV Equities LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $37,000. 81.73% of the stock is currently owned by institutional investors.
Cboe Global Markets Stock Performance
Shares of Cboe Global Markets stock opened at $249.10 on Friday. The business’s fifty day simple moving average is $315.58 and its 200 day simple moving average is $287.49. The firm has a market capitalization of $26.42 billion, a P/E ratio of 128.40 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $223.54 and a 12 month high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.
Cboe Global Markets Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.
Analyst Upgrades and Downgrades
CBOE has been the topic of a number of research reports. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Piper Sandler raised their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $322.60.
Read Our Latest Stock Analysis on Cboe Global Markets
Insider Buying and Selling at Cboe Global Markets
In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.
Cboe Global Markets Profile
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.
Featured Stories
- Five stocks we like better than Cboe Global Markets
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (BATS:CBOE – Free Report).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.
