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

Pitcairn Co. lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 41.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBOE. JPMorgan Chase & Co. lifted its holdings in Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after buying an additional 24,177 shares during the period. Oak Harvest Investment Services bought a new position in shares of Cboe Global Markets during the fourth quarter worth about $977,000. Forge First Asset Management Inc. acquired a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after acquiring an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC acquired a new stake in Cboe Global Markets during the 4th quarter valued at approximately $3,278,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

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

Cboe Global Markets (NASDAQ:CBOE) last issued 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 return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the business earned $2.06 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods cut their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered 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. Finally, Jefferies Financial Group lowered their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $206.86.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the business’s 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 in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last three months. Corporate 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.