Canada Pension Plan Investment Board Sells 67,300 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Canada Pension Plan Investment Board lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 48.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 70,429 shares of the company’s stock after selling 67,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Cboe Global Markets were worth $13,762,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction 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 sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock valued at $2,380,529. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CBOE shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research report on Wednesday, April 2nd. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Bank of America reissued a “neutral” rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $218.80.

Cboe Global Markets Stock Down 0.4 %

Cboe Global Markets stock opened at $217.07 on Monday. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $234.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market cap of $22.73 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.75 and a beta of 0.47. The stock has a 50 day moving average of $213.53.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm earned $2.06 earnings per share. As a group, equities 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 issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

About Cboe Global Markets

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.