T. Rowe Price Investment Management Inc. Sells 151,746 Shares of Cboe Global Markets, Inc. $CBOE

T. Rowe Price Investment Management Inc. decreased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,228,571 shares of the company’s stock after selling 151,746 shares during the period. T. Rowe Price Investment Management Inc.’s holdings in Cboe Global Markets were worth $559,372,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Sound Income Strategies LLC raised its position in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets during the 4th quarter worth $26,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets during the 2nd quarter worth $31,000. Elyxium Wealth LLC purchased a new position in Cboe Global Markets during the 4th quarter worth $33,000. Finally, DV Equities LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth $37,000. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Trading Down 2.2%

Shares of Cboe Global Markets stock opened at $249.10 on Friday. The firm has a market cap of $26.42 billion, a PE ratio of 128.40 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $223.54 and a 1 year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day moving average price of $315.58 and a 200-day moving average price of $287.49.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 EPS. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBOE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Barclays upped their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. UBS Group lifted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Loop Capital set a $382.00 target price on Cboe Global Markets in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.