Pitcairn Co. Sells 2,369 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pitcairn Co. decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 41.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411 shares of the company’s stock after selling 2,369 shares during the period. Pitcairn Co.’s holdings in Cboe Global Markets were worth $667,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. lifted its stake in Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the last quarter. Norges Bank acquired a new stake in Cboe Global Markets during the 4th quarter valued at $269,524,000. Raymond James Financial Inc. bought a new position in Cboe Global Markets during the fourth quarter worth $59,206,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Cboe Global Markets by 270.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock valued at $58,559,000 after purchasing an additional 218,865 shares during the last quarter. Finally, Amundi raised its position in shares of Cboe Global Markets by 27.2% in the fourth quarter. Amundi now owns 885,659 shares of the company’s stock valued at $170,923,000 after purchasing an additional 189,280 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 4.8 %

CBOE stock opened at $215.05 on Friday. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $234.37. The company has a 50-day moving average of $212.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a market capitalization of $22.52 billion, a P/E ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the company posted $2.06 EPS. On average, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Cboe Global Markets’s payout ratio is 34.90%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a research report on Monday, January 6th. Barclays lifted their price target on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Oppenheimer decreased their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $206.86.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This represents a 47.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company’s stock.

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.