Prana Capital Management LP Purchases Shares of 2,611 Cboe Global Markets, Inc. $CBOE

Prana Capital Management LP acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,611 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp raised its position in shares of Cboe Global Markets by 1,854.4% in the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after acquiring an additional 3,987 shares during the period. Empowered Funds LLC raised its position in shares of Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after acquiring an additional 2,736 shares during the period. Woodline Partners LP boosted its stake in shares of Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after acquiring an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after acquiring an additional 198 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

CBOE opened at $292.89 on Wednesday. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $305.68. The firm has a market capitalization of $31.06 billion, a PE ratio of 150.98 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $279.37 and its 200 day moving average price is $257.83.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.13. The company had revenue of $671.10 million during the quarter, compared to the consensus estimate of $659.59 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, February 27th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the transaction, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 in the last three months. 0.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent analyst reports. Barclays lifted their price target on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Loop Capital set a $317.00 price objective on Cboe Global Markets in a research report on Monday, February 9th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, UBS Group reissued a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $279.00.

About Cboe Global Markets

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.