OFI Invest Asset Management Buys Shares of 5,400 Cboe Global Markets, Inc. (NASDAQ:CBOE)

OFI Invest Asset Management bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,400 shares of the company’s stock, valued at approximately $1,019,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Amundi raised its stake in Cboe Global Markets by 27.2% during the 4th quarter. Amundi now owns 885,659 shares of the company’s stock valued at $170,923,000 after buying an additional 189,280 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Cboe Global Markets by 6.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,434 shares of the company’s stock valued at $280,000 after buying an additional 86 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Cboe Global Markets by 15.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 57,018 shares of the company’s stock valued at $11,260,000 after buying an additional 7,660 shares during the last quarter. Andra AP fonden raised its stake in Cboe Global Markets by 89.2% during the 4th quarter. Andra AP fonden now owns 92,700 shares of the company’s stock valued at $18,114,000 after buying an additional 43,700 shares during the last quarter. Finally, Candriam S.C.A. raised its stake in Cboe Global Markets by 23.3% during the 4th quarter. Candriam S.C.A. now owns 25,000 shares of the company’s stock valued at $4,885,000 after buying an additional 4,718 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade represents a 57.90 % 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 in the last 90 days. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research note on Monday, January 6th. Bank of America upped their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $213.63 on Monday. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $221.66. 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 stock has a market cap of $22.37 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 1.75 and a beta of 0.67. The business has a fifty day simple moving average of $203.04.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) 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 business posted $2.06 earnings per share. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.