Prospector Partners LLC Buys 137 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Prospector Partners LLC lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,567 shares of the company’s stock after buying an additional 137 shares during the period. Prospector Partners LLC owned about 0.05% of Cboe Global Markets worth $10,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets in the 4th quarter valued at $29,000. Kestra Investment Management LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC bought a new stake in Cboe Global Markets during the fourth quarter worth about $36,000. Generali Asset Management SPA SGR bought a new stake in Cboe Global Markets during the fourth quarter worth about $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets during the fourth quarter valued at approximately $39,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 4.8 %

Shares of NASDAQ:CBOE opened at $215.05 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 12-month low of $166.13 and a 12-month high of $234.37. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47. The stock’s 50 day simple moving average is $212.29.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the firm posted $2.06 earnings per share. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s payout ratio is currently 34.90%.

Insiders Place Their Bets

In other news, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Bank of America boosted their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Oppenheimer reduced their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated 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. Finally, Keefe, Bruyette & Woods dropped their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.86.

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.