OFI Invest Asset Management Purchases New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

OFI Invest Asset Management purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, HoldingsChannel reports. The fund purchased 5,400 shares of the company’s stock, valued at approximately $1,019,000.

A number of other institutional investors have also recently made changes to their positions in the business. Erste Asset Management GmbH bought a new stake in Cboe Global Markets in the third quarter worth about $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cboe Global Markets in the third quarter worth approximately $158,000. Benjamin Edwards Inc. lifted its stake in shares of Cboe Global Markets by 5,967.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after acquiring an additional 29,778 shares during the last quarter. Coastwise Capital Group LLC purchased a new position in Cboe Global Markets during the 3rd quarter valued at $216,000. Finally, Harmony Asset Management LLC bought a new position in Cboe Global Markets in the 3rd quarter valued at $15,175,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

CBOE opened at $213.63 on Monday. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66. 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 fifty day moving average price is $203.04. The company has a market cap of $22.37 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last posted 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the company posted $2.06 EPS. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s payout ratio is currently 34.90%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBOE. Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Bank of America increased their target price on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. William Blair began coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. Barclays increased their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group reduced their target price on 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. Two equities research 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $206.86.

Insider Activity at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 over the last quarter. 0.22% of the stock is owned by corporate insiders.

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.