Cboe Global Markets, Inc. (NASDAQ:CBOE) Holdings Trimmed by Kendall Capital Management

Kendall Capital Management trimmed its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,110 shares of the company’s stock after selling 335 shares during the period. Kendall Capital Management’s holdings in Cboe Global Markets were worth $1,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at $31,000. Sugar Maple Asset Management LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at $36,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at $39,000. Jones Financial Companies Lllp lifted its stake in shares of Cboe Global Markets by 40.5% in the 4th quarter. Jones Financial Companies Lllp now owns 215 shares of the company’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Cboe Global Markets by 149.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 0.3 %

NASDAQ CBOE opened at $213.63 on Friday. The company has a market capitalization of $22.37 billion, a PE ratio of 29.59, a P/E/G ratio of 1.75 and a beta of 0.67. The company has a 50-day simple moving average of $203.04. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results 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 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. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s payout ratio is currently 34.90%.

Wall Street Analyst Weigh In

CBOE has been the subject of several analyst reports. Oppenheimer reduced their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods cut 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 report on Monday, January 13th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective for the company. in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $206.86.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the company’s 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 sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 over the last quarter. 0.22% of the stock is owned by company insiders.

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.