Sovereign Investment Advisors LLC Invests $224,000 in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sovereign Investment Advisors LLC purchased a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,148 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently modified their holdings of CBOE. Erste Asset Management GmbH bought a new position in shares of Cboe Global Markets in the third quarter worth $11,191,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cboe Global Markets in the third quarter valued at $158,000. Benjamin Edwards Inc. lifted its holdings in shares of Cboe Global Markets by 5,967.5% in the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after buying an additional 29,778 shares during the period. Coastwise Capital Group LLC acquired a new stake in shares of Cboe Global Markets in the third quarter valued at $216,000. Finally, Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the third quarter valued at $15,175,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 0.5 %

Shares of NASDAQ CBOE opened at $213.95 on Friday. The company’s fifty day moving average is $204.83. The stock has a market capitalization of $22.40 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the company earned $2.06 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the company’s 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 transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,544 shares of company stock valued at $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Oppenheimer cut their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Bank of America upped their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Barclays upped their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. William Blair initiated coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods reduced their target price on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Company 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.