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

Hartford Investment Management Co. decreased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,453 shares of the company’s stock after selling 169 shares during the period. 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 and hedge funds have also recently made changes to their positions in the company. Portfolio Design Labs LLC increased its stake in Cboe Global Markets by 3.2% in the fourth quarter. Portfolio Design Labs LLC now owns 4,054 shares of the company’s stock valued at $792,000 after acquiring an additional 127 shares during the last quarter. Axecap Investments LLC boosted its holdings in shares of Cboe Global Markets by 42.4% in the 4th quarter. Axecap Investments LLC now owns 6,467 shares of the company’s stock worth $1,264,000 after purchasing an additional 1,924 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Cboe Global Markets by 22.5% during the 4th quarter. Summit Trail Advisors LLC now owns 1,887 shares of the company’s stock valued at $369,000 after buying an additional 346 shares in the last quarter. Savant Capital LLC lifted its position in Cboe Global Markets by 15.5% in the 4th quarter. Savant Capital LLC now owns 2,044 shares of the company’s stock worth $399,000 after buying an additional 275 shares during the last quarter. Finally, Entropy Technologies LP boosted its stake in Cboe Global Markets by 13.9% in the fourth quarter. Entropy Technologies LP now owns 10,684 shares of the company’s stock worth $2,088,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CBOE has been the topic of several research reports. Bank of America lifted their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods lowered their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Barclays raised their price objective 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. Oppenheimer lowered their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $202.33 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.14 and a beta of 0.68. The stock has a 50 day simple moving average of $199.36.

Cboe Global Markets (NASDAQ:CBOE) last released 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 net margin of 19.65% and a return on equity of 22.33%. During the same quarter in the prior year, the firm posted $2.06 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.64 EPS for the current year.

Cboe Global Markets Announces Dividend

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

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.