GeoWealth Management LLC Purchases 275 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

GeoWealth Management LLC lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,148 shares of the company’s stock after purchasing an additional 275 shares during the period. GeoWealth Management LLC’s holdings in Cboe Global Markets were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

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

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $217.07 on Friday. The business’s fifty day moving average is $213.53. The company has a market capitalization of $22.73 billion, a PE ratio of 30.07, a PEG ratio of 1.75 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $234.37.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share 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 prior year, the business posted $2.06 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.63 per share. 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 is presently 34.90%.

Insider Buying and Selling

In other news, EVP Dave Howson sold 11,036 shares of the stock in a transaction dated 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 represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of recent analyst reports. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Bank of America reissued a “neutral” rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Finally, Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 target price for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $218.80.

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.