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

Motley Fool Asset Management LLC cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,938 shares of the company’s stock after selling 205 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Cboe Global Markets were worth $346,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Morgan Stanley raised its holdings in Cboe Global Markets by 24.5% during the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after buying an additional 342,505 shares during the period. FMR LLC lifted its position in shares of Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after acquiring an additional 289,048 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in Cboe Global Markets by 620.8% in the 4th quarter. Rheos Capital Works Inc. now owns 187,400 shares of the company’s stock worth $33,462,000 after purchasing an additional 161,400 shares during the period. Lord Abbett & CO. LLC grew its position in Cboe Global Markets by 7.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock worth $177,127,000 after purchasing an additional 78,675 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in Cboe Global Markets by 11.0% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 764,795 shares of the company’s stock valued at $119,469,000 after purchasing an additional 75,743 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Rosenblatt Securities raised their target price on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Citigroup increased their price target on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Bank of America boosted their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Barclays increased their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $190.18.

Insider Activity

In related news, EVP Dave Howson sold 5,322 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at approximately $3,285,448.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

BATS CBOE opened at $179.40 on Friday. The company has a 50 day moving average price of $183.78 and a two-hundred day moving average price of $178.92. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The stock has a market capitalization of $19.03 billion, a PE ratio of 92.47 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 (BATS:CBOE) last issued its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend 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.