Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 65.2% during the 4th quarter, Holdings Channel reports. The firm owned 38,157 shares of the company’s stock after selling 71,607 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Cboe Global Markets were worth $6,813,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. boosted its stake in shares of Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock worth $244,000 after acquiring an additional 67 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Cboe Global Markets by 75.3% in the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Cboe Global Markets by 2.3% in the third quarter. Moors & Cabot Inc. now owns 3,305 shares of the company’s stock worth $516,000 after acquiring an additional 75 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Cboe Global Markets by 4.9% in the third quarter. Kestra Advisory Services LLC now owns 2,325 shares of the company’s stock worth $363,000 after acquiring an additional 109 shares during the last quarter. Finally, Martin Capital Advisors LLP boosted its stake in Cboe Global Markets by 7.2% during the fourth quarter. Martin Capital Advisors LLP now owns 1,698 shares of the company’s stock worth $303,000 after buying an additional 114 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays boosted their price objective on Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 4th. Oppenheimer restated an “outperform” rating and issued a $206.00 target price on shares of Cboe Global Markets in a research report on Monday. Citigroup lifted their target price on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Finally, Bank of America lifted their target price on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $191.00.

Insider Buying and Selling

In other news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Trading Up 0.6 %

Shares of CBOE stock traded up $1.19 on Wednesday, hitting $185.44. The stock had a trading volume of 721,014 shares, compared to its average volume of 636,231. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $19.67 billion, a P/E ratio of 95.59 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company’s 50 day moving average price is $181.97 and its 200-day moving average price is $180.05.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $502.10 million for the quarter, compared to the consensus estimate of $504.80 million. During the same quarter in the previous year, the business earned $1.90 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.19%. Cboe Global Markets’s payout ratio is 98.97%.

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.