Cboe Global Markets, Inc. $CBOE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Cboe Global Markets, Inc. (BATS:CBOE) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,783 shares of the company’s stock after selling 1,941 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of Cboe Global Markets worth $37,094,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Cboe Global Markets by 4.0% in the fourth quarter. QRG Capital Management Inc. now owns 21,182 shares of the company’s stock valued at $5,317,000 after acquiring an additional 808 shares during the period. Gouws Capital LLC lifted its holdings in shares of Cboe Global Markets by 2.4% during the fourth quarter. Gouws Capital LLC now owns 30,284 shares of the company’s stock worth $7,601,000 after purchasing an additional 718 shares during the period. Truist Financial Corp lifted its holdings in shares of Cboe Global Markets by 5.0% during the fourth quarter. Truist Financial Corp now owns 24,631 shares of the company’s stock worth $6,182,000 after purchasing an additional 1,172 shares during the period. Sun Financial Inc acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $303,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $5,120,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CBOE shares. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Morgan Stanley increased their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $322.60.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,695 shares of company stock worth $1,628,981. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Trading Up 2.9%

Shares of CBOE stock opened at $348.56 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $212.75 and a fifty-two week high of $349.39. The stock has a market cap of $36.97 billion, a P/E ratio of 179.67 and a beta of 0.61. The business has a fifty day simple moving average of $296.54 and a 200-day simple moving average of $272.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.