Cboe Global Markets, Inc. (NASDAQ:CBOE) Stake Cut by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,095 shares of the company’s stock after selling 207 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Cboe Global Markets were worth $3,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Summit Financial LLC boosted its holdings in shares of Cboe Global Markets by 0.4% during the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after purchasing an additional 48 shares during the period. Ritholtz Wealth Management lifted its position in Cboe Global Markets by 0.9% in the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock worth $1,265,000 after buying an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in shares of Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company’s stock valued at $2,436,000 after buying an additional 49 shares during the period. Burney Co. grew its holdings in shares of Cboe Global Markets by 0.7% during the 1st quarter. Burney Co. now owns 6,942 shares of the company’s stock valued at $1,571,000 after acquiring an additional 51 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in shares of Cboe Global Markets by 4.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,343 shares of the company’s stock worth $304,000 after acquiring an additional 63 shares during the last quarter. 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 Catherine R. Clay sold 3,598 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president owned 2,183 shares of the company’s stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Trading Up 0.2%

NASDAQ:CBOE opened at $246.51 on Monday. The company’s 50 day moving average is $230.50 and its 200-day moving average is $218.57. 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 12 month low of $181.32 and a 12 month high of $248.79. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. 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 $2.15 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. Cboe Global Markets’s dividend payout ratio is presently 33.03%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an “underweight” rating in a research report on Tuesday, July 15th. Oppenheimer lifted their price target on Cboe Global Markets from $249.00 to $253.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Bank of America reissued a “neutral” rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Piper Sandler boosted their target price on shares of Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $222.58.

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.