Level Four Advisory Services LLC Increases Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Level Four Advisory Services LLC increased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,513 shares of the company’s stock after purchasing an additional 73 shares during the period. Level Four Advisory Services LLC’s holdings in Cboe Global Markets were worth $1,077,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $29,000. Kestra Investment Management LLC bought a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $31,000. Sugar Maple Asset Management LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at $36,000. Generali Asset Management SPA SGR bought a new position in Cboe Global Markets in the 4th quarter valued at $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Cboe Global Markets in the 4th quarter valued at $39,000. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CBOE shares. Keefe, Bruyette & Woods lowered their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Barclays boosted their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. William Blair initiated coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating on the stock. Oppenheimer lowered their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Stock Up 1.1 %

Shares of NASDAQ:CBOE opened at $222.68 on Friday. 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 company has a market capitalization of $23.32 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The business has a 50 day simple moving average of $209.79. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $223.51.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.13%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Insider Activity at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last 90 days. Insiders own 0.22% of the company’s stock.

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.