Bank of America Corp DE Purchases 7,986 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank of America Corp DE lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 460,214 shares of the company’s stock after buying an additional 7,986 shares during the quarter. Bank of America Corp DE’s holdings in Cboe Global Markets were worth $89,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in Cboe Global Markets by 27.9% during the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock worth $109,662,000 after acquiring an additional 116,852 shares during the period. Principal Financial Group Inc. increased its stake in Cboe Global Markets by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock worth $32,197,000 after acquiring an additional 3,155 shares during the period. Harbor Capital Advisors Inc. increased its stake in Cboe Global Markets by 5.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,134 shares of the company’s stock worth $612,000 after acquiring an additional 170 shares during the period. Czech National Bank increased its stake in Cboe Global Markets by 6.5% during the 4th quarter. Czech National Bank now owns 22,698 shares of the company’s stock worth $4,435,000 after acquiring an additional 1,383 shares during the period. Finally, Aprio Wealth Management LLC bought a new position in Cboe Global Markets during the 4th quarter worth $230,000. Institutional investors own 82.67% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of research analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays raised their target price on Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $223.36.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction 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 approximately $1,653,230.25. The trade was a 57.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets 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 transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $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 three months, insiders have sold 11,464 shares of company stock valued at $2,363,596. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Up 1.6%

NASDAQ CBOE opened at $231.71 on Monday. 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 twelve month low of $166.13 and a twelve month high of $236.02. The firm has a market cap of $24.26 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The firm’s fifty day moving average price is $217.40.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business posted $2.15 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, research 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 will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, May 30th. Cboe Global Markets’s payout ratio is presently 33.03%.

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.