Thrivent Financial for Lutherans Decreases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Thrivent Financial for Lutherans cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,080 shares of the company’s stock after selling 10,569 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Cboe Global Markets worth $23,088,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. New York Life Investment Management LLC grew its stake in shares of Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after buying an additional 48 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after acquiring an additional 50 shares in the last quarter. Inspire Advisors LLC increased its stake in Cboe Global Markets by 1.6% during the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after acquiring an additional 50 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares during the period. Finally, One Wealth Advisors LLC lifted its stake in shares of Cboe Global Markets by 5.7% in the 4th quarter. One Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $217,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of analyst reports. Barclays raised their price target on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. William Blair assumed coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Bank of America increased their price objective 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. Finally, StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Two 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE opened at $219.42 on Friday. The stock’s 50 day moving average is $206.90. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the business earned $2.06 EPS. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insider Activity

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

About Cboe Global Markets

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.