Cboe Global Markets, Inc. (BATS:CBOE) Stake Reduced by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 40.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,486 shares of the company’s stock after selling 11,107 shares during the quarter. New York Life Investment Management LLC’s holdings in Cboe Global Markets were worth $2,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CBOE. RB Capital Management LLC acquired a new stake in Cboe Global Markets in the 4th quarter valued at approximately $387,000. Mach 1 Financial Group LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at $1,103,000. Savant Capital LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $292,000. Pekin Hardy Strauss Inc. raised its stake in shares of Cboe Global Markets by 3.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 10,613 shares of the company’s stock valued at $1,895,000 after purchasing an additional 338 shares in the last quarter. Finally, PGGM Investments lifted its holdings in Cboe Global Markets by 40.6% in the fourth quarter. PGGM Investments now owns 32,719 shares of the company’s stock worth $5,842,000 after purchasing an additional 9,449 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $179.67 on Monday. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The firm’s 50 day simple moving average is $182.47 and its 200-day simple moving average is $179.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $19.06 billion, a P/E ratio of 92.61 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.11. The firm had revenue of $502.10 million for the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total value of $995,001.12. Following the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,285,448.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their price target on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Bank of America boosted their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Barclays lifted their target price on Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Citigroup upped their price target on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $190.18.

Cboe Global Markets Company Profile

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.