Bank of New York Mellon Corp Sells 17,169 Shares of Cboe Global Markets, Inc. $CBOE

Bank of New York Mellon Corp lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 507,080 shares of the company’s stock after selling 17,169 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cboe Global Markets were worth $127,277,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. Headlands Technologies LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $31,000. Elyxium Wealth LLC bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $33,000. Ameriflex Group Inc. lifted its stake in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after buying an additional 76 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Cboe Global Markets in the third quarter valued at approximately $45,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CBOE. Morgan Stanley boosted their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. UBS Group boosted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Barclays boosted their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $322.60.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $281.91 on Friday. The company’s fifty day simple moving average is $316.44 and its 200-day simple moving average is $285.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $29.90 billion, a PE ratio of 145.32 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $218.14 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 earnings per share. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.