Securian Asset Management Inc. Trims Holdings in Cboe Global Markets, Inc. $CBOE

Securian Asset Management Inc. cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,860 shares of the company’s stock after selling 2,244 shares during the quarter. Securian Asset Management Inc.’s holdings in Cboe Global Markets were worth $718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Cboe Global Markets by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after buying an additional 120,021 shares during the period. State Street Corp grew its position in shares of Cboe Global Markets by 2.1% in the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after buying an additional 101,349 shares during the period. Invesco Ltd. grew its position in shares of Cboe Global Markets by 5.7% in the 3rd quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock worth $447,852,000 after buying an additional 98,089 shares during the period. First Trust Advisors LP grew its position in shares of Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the period. Finally, Northern Trust Corp grew its position in shares of Cboe Global Markets by 7.0% in the 3rd quarter. Northern Trust Corp now owns 1,410,188 shares of the company’s stock worth $345,849,000 after buying an additional 91,726 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $358.67 on Friday. Cboe Global Markets, Inc. has a one year low of $213.88 and a one year high of $367.91. The company’s 50-day moving average is $302.44 and its 200 day moving average is $276.61. The company has a market capitalization of $38.04 billion, a price-to-earnings ratio of 184.88 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 EPS. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBOE. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. Morgan Stanley increased their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Finally, UBS Group increased their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $322.60.

Insider Activity

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,695 shares of company stock valued at $1,628,981 in the last 90 days. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.