Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 33,009 shares of the company’s stock after selling 3,054 shares during the quarter. Moran Wealth Management LLC’s holdings in Cboe Global Markets were worth $6,450,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New York Life Investment Management LLC boosted its position in Cboe Global Markets by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after acquiring an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in Cboe Global Markets by 1.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after acquiring an additional 50 shares during the last quarter. Pinnacle Financial Partners Inc boosted its position in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock worth $234,000 after acquiring an additional 59 shares during the last quarter. One Wealth Advisors LLC boosted its position in Cboe Global Markets by 5.7% during the fourth quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock worth $217,000 after acquiring an additional 60 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Cboe Global Markets by 40.5% during the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company’s stock worth $42,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Activity

In other news, CAO Allen Wilkinson sold 228 shares of the business’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 value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CBOE shares. 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. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered 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. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a research report on Monday, January 6th. Finally, Oppenheimer reduced their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $219.02 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $203.04. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $221.66. The stock has a market capitalization of $22.93 billion, a P/E ratio of 30.34, a PEG ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company earned $2.06 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

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.