Horizon Kinetics Asset Management LLC Has $80.99 Million Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Horizon Kinetics Asset Management LLC lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 414,474 shares of the company’s stock after selling 3,190 shares during the quarter. Cboe Global Markets accounts for about 1.0% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Horizon Kinetics Asset Management LLC’s holdings in Cboe Global Markets were worth $80,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of CBOE. Erste Asset Management GmbH bought a new position in Cboe Global Markets in the 3rd quarter valued at $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the 3rd quarter valued at $158,000. Benjamin Edwards Inc. raised its position in Cboe Global Markets by 5,967.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares during the last quarter. Coastwise Capital Group LLC acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $216,000. Finally, Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $15,175,000. Institutional investors own 82.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CBOE shares. William Blair started coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their target price 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. Oppenheimer lowered their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods decreased their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Down 0.5 %

Shares of Cboe Global Markets stock opened at $213.95 on Monday. 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 12 month low of $166.13 and a 12 month high of $221.66. The business’s fifty day moving average is $204.83. The firm has a market capitalization of $22.40 billion, a PE ratio of 29.63, a PEG ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.06 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s payout ratio is 34.90%.

Insider Buying and Selling at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

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.