Northwestern Mutual Wealth Management Co. Sells 21,390 Shares of Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 81.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,802 shares of the company’s stock after selling 21,390 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CBOE. First Trust Advisors LP boosted its stake in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after acquiring an additional 697,600 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $107,052,000. Credit Agricole S A purchased a new position in shares of Cboe Global Markets in the third quarter valued at $70,475,000. Finally, Man Group plc grew its holdings in shares of Cboe Global Markets by 106.5% in the second quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after purchasing an additional 281,939 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. UBS Group raised their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, TD Cowen raised their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Price Performance

BATS CBOE opened at $281.91 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $316.44 and a two-hundred day moving average of $285.96. The firm has a market capitalization of $29.90 billion, a price-to-earnings ratio of 145.32 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18.

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 the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.50 earnings per share. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 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.