Bank Julius Baer & Co. Ltd Zurich Sells 9,383 Shares of Cboe Global Markets, Inc. $CBOE

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 13.6% during the fourth quarter, HoldingsChannel reports. The firm owned 59,483 shares of the company’s stock after selling 9,383 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cboe Global Markets were worth $15,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Caprock Group LLC purchased a new stake in Cboe Global Markets during the third quarter valued at about $4,156,000. Andra AP fonden increased its stake in shares of Cboe Global Markets by 7.9% in the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after purchasing an additional 237,887 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Cboe Global Markets by 557.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after purchasing an additional 31,919 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of Cboe Global Markets by 25.7% during the 3rd quarter. Vest Financial LLC now owns 24,929 shares of the company’s stock valued at $6,114,000 after buying an additional 5,100 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The stock was 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 of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,695 shares of company stock valued at $1,628,981 in the last quarter. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $358.67 on Friday. The company has a market cap of $38.04 billion, a PE ratio of 184.88 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average price of $302.44 and a 200-day moving average price of $276.61. Cboe Global Markets, Inc. has a 12-month low of $213.88 and a 12-month high of $367.91.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.50 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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 $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Piper Sandler increased their target price on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Erste Group Bank began coverage on Cboe Global Markets in a research report on Tuesday. They issued a “buy” rating for the company. Finally, Loop Capital set a $382.00 price objective on Cboe Global Markets in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $322.60.

About Cboe Global Markets

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.