Primecap Management Co. CA Sells 800 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Primecap Management Co. CA cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,400 shares of the company’s stock after selling 800 shares during the period. Primecap Management Co. CA’s holdings in Cboe Global Markets were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CBOE. New York Life Investment Management LLC grew its position in Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after purchasing an additional 48 shares during the period. Exencial Wealth Advisors LLC boosted its stake in shares of Cboe Global Markets by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after buying an additional 50 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after acquiring an additional 50 shares during the period. Pinnacle Financial Partners Inc increased its position in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after acquiring an additional 59 shares during the last quarter. Finally, One Wealth Advisors LLC lifted its holdings in Cboe Global Markets by 5.7% in the fourth quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $217,000 after acquiring an additional 60 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Down 0.9 %

NASDAQ:CBOE opened at $217.67 on Thursday. The firm’s 50-day simple moving average is $206.37. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $221.66. The company has a market capitalization of $22.79 billion, a PE ratio of 30.15, a PEG ratio of 1.75 and a beta of 0.67. 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 (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $2.06 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. Cboe Global Markets’s dividend payout ratio is 34.90%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents 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. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the subject of several research reports. William Blair initiated coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Jefferies Financial Group reduced their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays upped their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price 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.