Cboe Global Markets, Inc. $CBOE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 147,783 shares of the company’s stock after selling 1,941 shares during the period. Principal Financial Group Inc.’s holdings in Cboe Global Markets were worth $37,094,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CBOE. Sound Income Strategies LLC boosted its stake in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Cboe Global Markets in the 2nd quarter worth about $31,000. Physician Wealth Advisors Inc. boosted its stake in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Ameriflex Group Inc. boosted its stake in Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after buying an additional 76 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Cboe Global Markets in the 3rd quarter worth about $45,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $348.56 on Friday. The company has a market cap of $36.97 billion, a P/E ratio of 179.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $212.75 and a one year high of $349.39. The business’s 50-day simple moving average is $296.54 and its 200 day simple moving average is $272.41.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the business posted $2.50 EPS. The company’s revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, February 27th. This represents a $2.88 annualized dividend and a yield of 0.8%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. The trade was a 23.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares in the company, valued at $120,043.90. This represents a 37.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,695 shares of company stock worth $1,628,981 in the last three months. 0.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CBOE shares. Loop Capital set a $382.00 price target on Cboe Global Markets in a research note on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. 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 note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $322.60.

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.