V Square Quantitative Management LLC Takes Position in Cboe Global Markets, Inc. $CBOE

V Square Quantitative Management LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,478 shares of the company’s stock, valued at approximately $1,375,000.

A number of other large investors also recently modified their holdings of CBOE. First Trust Advisors LP lifted its holdings in shares of Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Cboe Global Markets in the third quarter valued at approximately $107,052,000. Alliancebernstein L.P. lifted its holdings in shares of Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. Finally, Credit Agricole S A bought a new position in shares of Cboe Global Markets in the third quarter valued at approximately $70,475,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $296.95 on Thursday. 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 company has a market capitalization of $31.50 billion, a price-to-earnings ratio of 153.07 and a beta of 0.61. The stock has a 50 day moving average of $284.66 and a 200 day moving average of $263.35. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $305.68.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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 return on equity of 20.05% and a net margin of 5.77%. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value 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 trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Cboe Global Markets from $317.00 to $351.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler increased their price target on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Morgan Stanley increased their price target on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $284.91.

Cboe Global Markets Company 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. 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.