Outfitter Financial LLC Sells 90 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Outfitter Financial LLC cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,865 shares of the company’s stock after selling 90 shares during the period. Outfitter Financial LLC’s holdings in Cboe Global Markets were worth $364,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new position in shares of Cboe Global Markets in the 4th quarter worth about $98,000. Legacy Capital Group California Inc. lifted its position in Cboe Global Markets by 42.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,188 shares of the company’s stock worth $818,000 after buying an additional 1,246 shares during the last quarter. Tandem Investment Advisors Inc. lifted its position in Cboe Global Markets by 2.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 830,847 shares of the company’s stock worth $162,347,000 after buying an additional 20,515 shares during the last quarter. O Brien Greene & Co. Inc boosted its stake in Cboe Global Markets by 1.8% in the fourth quarter. O Brien Greene & Co. Inc now owns 40,677 shares of the company’s stock worth $7,948,000 after buying an additional 716 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in Cboe Global Markets by 60.6% during the fourth quarter. Handelsbanken Fonder AB now owns 47,791 shares of the company’s stock valued at $9,329,000 after acquiring an additional 18,032 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CBOE shares. William Blair started coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. Jefferies Financial Group cut their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer reduced their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $208.91 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $21.87 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.76 and a beta of 0.68. The stock has a 50 day simple moving average of $199.77. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66.

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 the consensus estimate 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 in the prior year, the firm posted $2.06 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s payout ratio is currently 34.90%.

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.