Robeco Institutional Asset Management B.V. Sells 44,733 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 628,297 shares of the company’s stock after selling 44,733 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Cboe Global Markets were worth $142,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CBOE. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in Cboe Global Markets during the 4th quarter valued at approximately $29,000. Greenline Partners LLC bought a new stake in Cboe Global Markets in the 4th quarter worth approximately $29,000. Generali Asset Management SPA SGR bought a new stake in Cboe Global Markets in the 4th quarter worth approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $39,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBOE. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America reaffirmed a “neutral” rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Morgan Stanley downgraded Cboe Global Markets from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $256.00 to $215.00 in a research report on Wednesday, May 14th. Finally, Piper Sandler lifted their target price on Cboe Global Markets from $234.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $219.64.

Cboe Global Markets Price Performance

CBOE opened at $230.60 on Thursday. The business has a fifty day moving average of $224.02 and a 200 day moving average of $212.34. The stock has a market cap of $24.15 billion, a P/E ratio of 31.94, a PEG ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52-week low of $166.88 and a 52-week high of $236.02.

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, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. Cboe Global Markets’s payout ratio is 33.03%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president now directly owns 2,183 shares of the company’s stock, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.