Pinnacle Financial Partners Inc Boosts Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pinnacle Financial Partners Inc boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,196 shares of the company’s stock after buying an additional 59 shares during the period. Pinnacle Financial Partners Inc’s holdings in Cboe Global Markets were worth $234,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBOE. E. Ohman J or Asset Management AB increased its stake in Cboe Global Markets by 4,157.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock worth $30,407,000 after buying an additional 151,961 shares in the last quarter. abrdn plc increased its stake in Cboe Global Markets by 341.2% during the 4th quarter. abrdn plc now owns 190,017 shares of the company’s stock worth $37,145,000 after buying an additional 146,945 shares in the last quarter. 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 buying an additional 116,852 shares in the last quarter. Nordea Investment Management AB increased its stake in Cboe Global Markets by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after buying an additional 92,537 shares in the last quarter. Finally, Harmony Asset Management LLC purchased a new stake in Cboe Global Markets during the 3rd quarter worth approximately $15,175,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

CBOE opened at $210.93 on Monday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. The firm has a market capitalization of $22.08 billion, a PE ratio of 29.21, a PEG ratio of 1.75 and a beta of 0.68. The firm has a 50 day simple moving average of $199.97. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data 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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.06 earnings per share. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction on 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 in the company, valued at $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction on 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 owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,316 shares of company stock worth $2,332,393 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on CBOE shares. Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Barclays boosted their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. William Blair initiated coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating on the stock. Oppenheimer lowered their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two equities 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 company’s stock. According to MarketBeat.com, the stock 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.