Lord Abbett & CO. LLC Lowers Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Lord Abbett & CO. LLC reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 25.8% in the 3rd quarter, Holdings Channel reports. The fund owned 357,385 shares of the company’s stock after selling 124,530 shares during the period. Lord Abbett & CO. LLC’s holdings in Cboe Global Markets were worth $73,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CBOE. Erste Asset Management GmbH purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cboe Global Markets in the third quarter valued at $158,000. Benjamin Edwards Inc. raised its position in shares of Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after acquiring an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $216,000. Finally, Harmony Asset Management LLC acquired a new position in Cboe Global Markets in the 3rd quarter worth about $15,175,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CBOE shares. Barclays lowered Cboe Global Markets from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $230.00 to $220.00 in a research report on Monday, December 9th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $200.98 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $21.04 billion, a P/E ratio of 27.38, a PEG ratio of 1.71 and a beta of 0.66. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 34.33%.

Cboe Global Markets Company 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.