Russell Investments Group Ltd. Has $41.39 Million Stake in Cboe Global Markets, Inc. $CBOE

Russell Investments Group Ltd. lowered its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,689 shares of the company’s stock after selling 10,656 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Cboe Global Markets worth $41,385,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Goodman Advisory Group LLC acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $4,534,000. Vinva Investment Management Ltd boosted its position in shares of Cboe Global Markets by 20.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 36,557 shares of the company’s stock valued at $9,002,000 after purchasing an additional 6,081 shares in the last quarter. Parallel Advisors LLC grew its stake in Cboe Global Markets by 4.6% during the third quarter. Parallel Advisors LLC now owns 2,020 shares of the company’s stock worth $496,000 after purchasing an additional 89 shares during the period. Korea Investment CORP grew its stake in Cboe Global Markets by 20.8% during the third quarter. Korea Investment CORP now owns 51,522 shares of the company’s stock worth $12,636,000 after purchasing an additional 8,877 shares during the period. Finally, Ameriflex Group Inc. increased its holdings in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the sale, the director owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 5,695 shares of company stock worth $1,628,981. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CBOE. Loop Capital set a $317.00 price target on Cboe Global Markets in a research note on Monday, February 9th. Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler boosted their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six 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 a consensus price target of $279.00.

Cboe Global Markets Stock Down 0.5%

Shares of NASDAQ:CBOE opened at $284.00 on Thursday. The business’s 50 day simple moving average is $276.08 and its two-hundred day simple moving average is $256.30. The firm has a market cap of $29.73 billion, a P/E ratio of 39.34, a PEG ratio of 1.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the previous year, the firm earned $2.10 earnings per share. The firm’s revenue was up 28.0% on a year-over-year basis. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 27.64%.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.