Sawgrass Asset Management LLC Sells 2,005 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sawgrass Asset Management LLC decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,231 shares of the company’s stock after selling 2,005 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Cboe Global Markets were worth $6,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Cboe Global Markets by 1.3% during the 4th quarter. Van ECK Associates Corp now owns 18,666 shares of the company’s stock worth $3,647,000 after buying an additional 245 shares in the last quarter. Portfolio Design Labs LLC boosted its position in Cboe Global Markets by 3.2% during the fourth quarter. Portfolio Design Labs LLC now owns 4,054 shares of the company’s stock valued at $792,000 after purchasing an additional 127 shares in the last quarter. Axecap Investments LLC boosted its position in Cboe Global Markets by 42.4% during the fourth quarter. Axecap Investments LLC now owns 6,467 shares of the company’s stock valued at $1,264,000 after purchasing an additional 1,924 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Cboe Global Markets by 22.5% during the fourth quarter. Summit Trail Advisors LLC now owns 1,887 shares of the company’s stock valued at $369,000 after purchasing an additional 346 shares in the last quarter. Finally, Savant Capital LLC boosted its position in Cboe Global Markets by 15.5% during the fourth quarter. Savant Capital LLC now owns 2,044 shares of the company’s stock valued at $399,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 1.9 %

Shares of NASDAQ:CBOE opened at $212.04 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $221.66. The stock has a market capitalization of $22.20 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.14 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.39. The business has a 50-day moving average price of $199.40.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 19.65% and a return on equity of 22.33%. During the same period in the previous year, the firm earned $2.06 EPS. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.64 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer dropped their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Jefferies Financial Group decreased their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, Bank of America increased their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Profile

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.