Rafferty Asset Management LLC Has $7.22 Million Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Rafferty Asset Management LLC boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,935 shares of the company’s stock after acquiring an additional 1,461 shares during the quarter. Rafferty Asset Management LLC’s holdings in Cboe Global Markets were worth $7,217,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. New York Life Investment Management LLC lifted its holdings in Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock valued at $3,035,000 after buying an additional 48 shares during the period. Summit Financial LLC increased its stake in Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock valued at $2,131,000 after purchasing an additional 48 shares in the last quarter. Exencial Wealth Advisors LLC increased its stake in Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock valued at $893,000 after purchasing an additional 50 shares in the last quarter. Inspire Advisors LLC increased its stake in Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock valued at $611,000 after purchasing an additional 50 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBOE has been the subject of several recent analyst reports. Barclays upped their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Oppenheimer upped their target price on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Piper Sandler upped their target price on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $219.64.

Cboe Global Markets Stock Up 0.8%

Shares of CBOE stock opened at $220.95 on Friday. The company has a market capitalization of $23.14 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $236.02. The stock’s fifty day moving average is $217.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, May 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.03%.

Insider Activity at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the firm’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 completion of the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $52,357.76. This trade represents a 47.90% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

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.