Avalon Trust Co Buys New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Avalon Trust Co bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 235 shares of the company’s stock, valued at approximately $46,000.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in Cboe Global Markets during the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $36,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $39,000. Jones Financial Companies Lllp lifted its holdings in shares of Cboe Global Markets by 40.5% during the fourth quarter. Jones Financial Companies Lllp now owns 215 shares of the company’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Cboe Global Markets by 72.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the company’s stock valued at $59,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $213.95 on Friday. 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 fifty-two week low of $166.13 and a fifty-two week high of $221.66. The business has a 50-day moving average price of $204.83. The firm has a market cap of $22.40 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share 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 business earned $2.06 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on CBOE. Barclays upped their target price on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. William Blair began coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. Finally, StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $206.86.

Insiders Place Their Bets

In other news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 in the last three months. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Company 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.