KLP Kapitalforvaltning AS Acquires Shares of 37,900 Cboe Global Markets, Inc. (NASDAQ:CBOE)

KLP Kapitalforvaltning AS bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,900 shares of the company’s stock, valued at approximately $7,406,000.

Several other hedge funds have also made changes to their positions in the business. Sei Investments Co. raised its stake in Cboe Global Markets by 4.0% during the 4th quarter. Sei Investments Co. now owns 78,400 shares of the company’s stock valued at $15,319,000 after acquiring an additional 2,994 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Cboe Global Markets by 39.4% in the 4th quarter. American Century Companies Inc. now owns 155,286 shares of the company’s stock valued at $30,343,000 after purchasing an additional 43,855 shares during the last quarter. Geo Capital Gestora de Recursos Ltd increased its holdings in shares of Cboe Global Markets by 513.7% in the fourth quarter. Geo Capital Gestora de Recursos Ltd now owns 12,899 shares of the company’s stock valued at $2,520,000 after purchasing an additional 10,797 shares during the period. Mizuho Securities USA LLC raised its stake in shares of Cboe Global Markets by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 9,922 shares of the company’s stock worth $1,939,000 after purchasing an additional 3,137 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $868,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CBOE. Barclays boosted their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. William Blair began coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Trading Down 0.8 %

Shares of Cboe Global Markets stock opened at $212.96 on Tuesday. The firm has a 50-day moving average of $207.77. The stock has a market capitalization of $22.30 billion, a PE ratio of 29.50, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $223.51.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the firm earned $2.06 EPS. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s payout ratio is 34.90%.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.