Manchester Capital Management LLC Raises Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Manchester Capital Management LLC grew its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,295 shares of the company’s stock after acquiring an additional 347 shares during the period. Manchester Capital Management LLC’s holdings in Cboe Global Markets were worth $1,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its holdings in Cboe Global Markets by 0.3% during the fourth quarter. Rhumbline Advisers now owns 211,184 shares of the company’s stock worth $41,265,000 after buying an additional 618 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Cboe Global Markets by 14.3% during the fourth quarter. V Square Quantitative Management LLC now owns 5,073 shares of the company’s stock worth $991,000 after buying an additional 633 shares in the last quarter. Avestar Capital LLC boosted its holdings in Cboe Global Markets by 9.8% during the fourth quarter. Avestar Capital LLC now owns 2,368 shares of the company’s stock worth $463,000 after buying an additional 212 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Cboe Global Markets by 1.3% during the fourth quarter. Van ECK Associates Corp now owns 18,666 shares of the company’s stock worth $3,647,000 after buying an additional 245 shares in the last quarter. Finally, Portfolio Design Labs LLC boosted its holdings in Cboe Global Markets by 3.2% during the fourth quarter. Portfolio Design Labs LLC now owns 4,054 shares of the company’s stock worth $792,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CBOE. Jefferies Financial Group decreased their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. Keefe, Bruyette & Woods cut 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. Bank of America lifted their target price on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, William Blair started coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $202.33 on Friday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.14 and a beta of 0.68. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. 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 50-day moving average price of $199.36.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data 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 period last year, the business earned $2.06 earnings per share. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.64 EPS for the current fiscal 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 given 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 (DPR) is presently 34.33%.

Insider Buying and Selling

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 transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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.