Cboe Global Markets, Inc. $CBOE Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lessened its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 316,018 shares of the company’s stock after selling 26,733 shares during the period. Parnassus Investments LLC owned 0.30% of Cboe Global Markets worth $79,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CBOE. Caprock Group LLC purchased a new position in Cboe Global Markets during the 3rd quarter worth approximately $4,156,000. Andra AP fonden grew its stake in Cboe Global Markets by 7.9% during the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after buying an additional 9,100 shares during the last quarter. Nordea Investment Management AB grew its stake in Cboe Global Markets by 33.5% during the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after buying an additional 237,887 shares during the last quarter. First Trust Advisors LP grew its stake in Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Finally, Longbow Finance SA purchased a new position in Cboe Global Markets during the 3rd quarter worth approximately $14,017,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 1.7%

Shares of CBOE stock opened at $295.90 on Friday. The business’s 50 day moving average is $317.48 and its two-hundred day moving average is $287.00. Cboe Global Markets, Inc. has a twelve month low of $222.89 and a twelve month high of $371.18. The company has a market capitalization of $31.38 billion, a P/E ratio of 152.53 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the business posted $2.50 EPS. The company’s revenue was up 29.0% on a year-over-year basis. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBOE shares. Morgan Stanley raised their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Piper Sandler raised their price target on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. UBS Group raised their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $322.60.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets 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.