Financiere des Professionnels Fonds d investissement inc. Cuts Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Financiere des Professionnels Fonds d investissement inc. lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 46.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,673 shares of the company’s stock after selling 8,261 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Cboe Global Markets were worth $1,890,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its stake in shares of Cboe Global Markets by 149.0% during the third 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 period. Trust Co. of Vermont boosted 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $158,000. Finally, USA Financial Formulas purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $182,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insiders Place Their Bets

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 transaction of $2,273,526.36. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Trading Down 2.8 %

CBOE opened at $202.33 on Monday. The business has a fifty day moving average price of $199.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $21.18 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same period in the prior year, the company posted $2.06 earnings per share. On average, analysts predict that Cboe Global Markets, Inc. will post 8.64 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.63 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.25%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America increased their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday, February 10th. William Blair started coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed 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. Finally, Oppenheimer dropped their price target on 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.86.

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.