Pictet Asset Management Holding SA Raises Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pictet Asset Management Holding SA grew its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,505 shares of the company’s stock after buying an additional 5,368 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cboe Global Markets were worth $13,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CBOE. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $36,000. Generali Asset Management SPA SGR acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBOE. Bank of America lifted their price target on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating for the company. Jefferies Financial Group dropped their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $225.04 on Wednesday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $227.22. The stock has a market capitalization of $23.56 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The company has a 50-day simple moving average of $210.98. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $2.06 EPS. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the business’s 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 transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This 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. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Company 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.