Hartford Investment Management Co. Cuts Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Hartford Investment Management Co. trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,453 shares of the company’s stock after selling 169 shares during the quarter. Hartford Investment Management Co.’s holdings in Cboe Global Markets were worth $1,261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in Cboe Global Markets in the 4th quarter worth about $36,000. TD Private Client Wealth LLC lifted its stake in shares of Cboe Global Markets by 149.0% in the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $76,000 after buying an additional 222 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Cboe Global Markets by 2,000.0% during the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock valued at $82,000 after buying an additional 400 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $158,000. Finally, USA Financial Formulas purchased a new position in Cboe Global Markets in the 4th quarter worth approximately $182,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 2.8 %

Shares of NASDAQ:CBOE opened at $202.33 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $21.18 billion, a PE ratio of 27.57, a PEG ratio of 2.14 and a beta of 0.68. The business has a 50 day simple moving average of $199.36. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results 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 22.33% and a net margin of 19.65%. During the same quarter in the previous year, the firm posted $2.06 EPS. Analysts expect that Cboe Global Markets, Inc. will post 8.64 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio is presently 34.33%.

Insiders Place Their Bets

In related news, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of several recent analyst reports. Barclays increased their target price on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Jefferies Financial Group reduced their price objective on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. William Blair started coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group downgraded 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 research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets 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.