Wakefield Asset Management LLLP Reduces Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Wakefield Asset Management LLLP lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,592 shares of the company’s stock after selling 136 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Cboe Global Markets were worth $3,242,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CBOE. Kestra Investment Management LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $36,000. TD Private Client Wealth LLC grew its position in Cboe Global Markets by 149.0% in the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after acquiring an additional 222 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Cboe Global Markets by 2,000.0% during the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock valued at $82,000 after purchasing an additional 400 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $98,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 1.3 %

Cboe Global Markets stock opened at $208.00 on Friday. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $221.66. The firm’s fifty day moving average is $200.57. 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 stock has a market cap of $21.77 billion, a PE ratio of 28.81, a P/E/G ratio of 1.75 and a beta of 0.68.

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

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CBOE shares. Bank of America upped their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, February 10th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday, January 6th. Jefferies Financial Group dropped their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. William Blair assumed coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. Finally, Oppenheimer dropped their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $206.86.

Insider Buying and Selling

In other news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction that occurred on 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 directly owns 248 shares of the company’s stock, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 in the last 90 days. 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.