Parallel Advisors LLC Sells 547 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Parallel Advisors LLC lowered its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,380 shares of the company’s stock after selling 547 shares during the quarter. Parallel Advisors LLC’s holdings in Cboe Global Markets were worth $465,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Erste Asset Management GmbH purchased a new position in Cboe Global Markets during the third quarter valued at approximately $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at $158,000. Benjamin Edwards Inc. raised its position in shares of Cboe Global Markets by 5,967.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after acquiring an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC purchased a new stake in shares of Cboe Global Markets during the 3rd quarter worth $216,000. Finally, Harmony Asset Management LLC bought a new stake in Cboe Global Markets during the third quarter valued at about $15,175,000. Institutional investors own 82.67% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. William Blair assumed coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating for the company. Finally, Oppenheimer dropped their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $206.86.

Insiders Place Their Bets

In other news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now owns 248 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares of the company’s stock, valued at $417,872.31. This represents 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. 0.22% of the stock is owned by insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $214.77 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $207.37. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $223.51. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last posted 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 18.64% and a return on equity of 22.02%. During the same period in the previous year, the company posted $2.06 EPS. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.17%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

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.