Cullen Frost Bankers Inc. Decreases Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Cullen Frost Bankers Inc. decreased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,002 shares of the company’s stock after selling 2,365 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Cboe Global Markets were worth $12,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CBOE. NBC Securities Inc. bought a new position in Cboe Global Markets during the third quarter valued at $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Cboe Global Markets during the fourth quarter valued at $30,000. Allworth Financial LP increased its position in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after acquiring an additional 73 shares during the last quarter. ORG Partners LLC bought a new position in Cboe Global Markets during the fourth quarter valued at $31,000. Finally, BKM Wealth Management LLC bought a new position in Cboe Global Markets during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays boosted their price objective on shares of Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley restated an “equal weight” rating and issued a $199.00 price target (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Rosenblatt Securities upped their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday. Finally, Citigroup upped their price target on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $191.00.

Cboe Global Markets Stock Up 0.6 %

BATS:CBOE traded up $1.19 during mid-day trading on Wednesday, reaching $185.44. The company’s stock had a trading volume of 721,014 shares, compared to its average volume of 636,231. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The stock has a fifty day moving average of $181.97 and a 200-day moving average of $180.05. The firm has a market capitalization of $19.67 billion, a PE ratio of 95.59 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 3rd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.04 by $0.11. The business had revenue of $502.10 million during the quarter, compared to analyst estimates of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.51% of the company’s stock.

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.