Bank Julius Baer & Co. Ltd Zurich Acquires 7,660 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 15.5% during the 4th quarter, HoldingsChannel reports. The firm owned 57,018 shares of the company’s stock after acquiring an additional 7,660 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cboe Global Markets were worth $11,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CBOE. Raymond James Financial Inc. bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $59,206,000. Victory Capital Management Inc. increased its stake in shares of Cboe Global Markets by 64.2% in the 4th quarter. Victory Capital Management Inc. now owns 391,636 shares of the company’s stock valued at $76,526,000 after buying an additional 153,184 shares during the period. E. Ohman J or Asset Management AB boosted its stake in shares of Cboe Global Markets by 4,157.6% in the 4th quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock valued at $30,407,000 after purchasing an additional 151,961 shares during the last quarter. abrdn plc grew its holdings 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 acquiring an additional 146,945 shares during the period. Finally, Barclays PLC lifted its stake in Cboe Global Markets by 27.9% in the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after buying an additional 116,852 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CBOE. William Blair initiated coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Jefferies Financial Group decreased their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. 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. Oppenheimer reduced their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $213.63 on Friday. 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 52-week low of $166.13 and a 52-week high of $221.66. The company has a 50 day simple moving average of $203.04. The firm has a market cap of $22.37 billion, a PE ratio of 29.59, a P/E/G ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the firm earned $2.06 EPS. Analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s payout ratio is currently 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.