Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Vestmark Advisory Solutions Inc.

Posted by Defense World Staff on Aug 18th, 2023

Vestmark Advisory Solutions Inc. decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,685 shares of the company’s stock after selling 698 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Cboe Global Markets were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CBOE. Vanguard Group Inc. increased its holdings in Cboe Global Markets by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,382,015 shares of the company’s stock worth $1,416,751,000 after purchasing an additional 185,967 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cboe Global Markets by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 2,319,646 shares of the company’s stock worth $290,558,000 after buying an additional 84,812 shares in the last quarter. Morgan Stanley increased its stake in shares of Cboe Global Markets by 86.7% in the fourth quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock worth $164,428,000 after buying an additional 608,728 shares during the last quarter. Norges Bank acquired a new stake in Cboe Global Markets in the fourth quarter valued at $159,764,000. Finally, Invesco Ltd. boosted its stake in Cboe Global Markets by 17.1% during the 1st quarter. Invesco Ltd. now owns 933,791 shares of the company’s stock valued at $106,845,000 after acquiring an additional 136,328 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CBOE shares. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $171.00 to $172.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Argus raised their price target on Cboe Global Markets from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com started coverage on Cboe Global Markets in a research report on Thursday, May 18th. They set a “hold” rating for the company. Oppenheimer increased their target price on Cboe Global Markets from $161.00 to $162.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Finally, Barclays lifted their price objective on shares of Cboe Global Markets from $146.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.00.

Get Our Latest Stock Analysis on Cboe Global Markets

Cboe Global Markets Trading Down 0.1 %

Cboe Global Markets stock opened at $149.78 on Friday. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The firm’s 50 day moving average price is $140.38 and its two-hundred day moving average price is $137.83. The firm has a market cap of $15.89 billion, a price-to-earnings ratio of 77.21 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE – Get Free Report) last posted its quarterly earnings data on Friday, August 4th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The firm had revenue of $467.10 million during the quarter, compared to analyst estimates of $469.31 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.47%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, Director Jill R. Goodman sold 5,051 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $144.95, for a total transaction of $732,142.45. Following the completion of the sale, the director now directly owns 12,936 shares of the company’s stock, valued at approximately $1,875,073.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Cboe Global Markets news, Director Joseph P. Ratterman sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $135.96, for a total value of $2,039,400.00. Following the completion of the sale, the director now owns 22,615 shares in the company, valued at approximately $3,074,735.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jill R. Goodman sold 5,051 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $144.95, for a total transaction of $732,142.45. Following the completion of the transaction, the director now directly owns 12,936 shares in the company, valued at approximately $1,875,073.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,900 shares of company stock valued at $5,873,547. 0.51% of the stock is owned by insiders.

Cboe Global Markets Company Profile

(Free Report)

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.