Cboe Global Markets, Inc. $CBOE Shares Sold by Prudential PLC

Prudential PLC trimmed its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 74.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,975 shares of the company’s stock after selling 34,915 shares during the quarter. Prudential PLC’s holdings in Cboe Global Markets were worth $3,006,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the second quarter worth $31,000. Elyxium Wealth LLC acquired a new position in shares of Cboe Global Markets in the fourth quarter worth $33,000. Ameriflex Group Inc. raised its holdings in shares of Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Cboe Global Markets in the third quarter worth $45,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CBOE shares. UBS Group boosted 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. Piper Sandler lifted their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Loop Capital set a $382.00 price objective on Cboe Global Markets in a research report on Monday, May 4th. TD Cowen lifted their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Barclays lifted their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $322.60.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $281.91 on Friday. The company has a market cap of $29.90 billion, a P/E ratio of 145.32 and a beta of 0.61. 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, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18. The business has a fifty day simple moving average of $316.44 and a 200-day simple moving average of $285.76.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the business earned $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

About Cboe Global Markets

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.