Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,032 shares of the company’s stock after selling 55,737 shares during the quarter. Parnassus Investments LLC’s holdings in Cboe Global Markets were worth $99,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CBOE. Erste Asset Management GmbH bought a new position in Cboe Global Markets in the 3rd quarter worth approximately $11,191,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cboe Global Markets in the third quarter worth $158,000. Benjamin Edwards Inc. increased its holdings in shares of Cboe Global Markets by 5,967.5% during the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares during the period. Coastwise Capital Group LLC acquired a new position in shares of Cboe Global Markets during the third quarter valued at $216,000. Finally, Harmony Asset Management LLC bought a new stake in shares of Cboe Global Markets during the third quarter valued at about $15,175,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $215.13 on Friday. The firm has a market cap of $22.52 billion, a P/E ratio of 29.80, a PEG ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm’s fifty day moving average is $204.08. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company earned $2.06 EPS. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. William Blair assumed coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. Jefferies Financial Group cut their target price 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. Barclays lifted their price target on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $174.00 price objective (down previously 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 given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $206.86.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of the firm’s 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 sale, the executive vice president now owns 1,993 shares of the company’s stock, 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 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

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.