Martin Investment Management LLC Sells 2,304 Shares of Cboe Global Markets, Inc. $CBOE

Martin Investment Management LLC trimmed its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,912 shares of the company’s stock after selling 2,304 shares during the quarter. Cboe Global Markets makes up 2.1% of Martin Investment Management LLC’s holdings, making the stock its 16th biggest holding. Martin Investment Management LLC’s holdings in Cboe Global Markets were worth $8,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the second quarter worth approximately $31,000. Physician Wealth Advisors Inc. increased its holdings in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Cboe Global Markets in the fourth quarter worth approximately $33,000. 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. 81.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $300.99 on Tuesday. The firm has a market capitalization of $31.92 billion, a PE ratio of 155.15 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $218.14 and a 12 month high of $371.18. The business’s 50-day moving average price is $316.37 and its 200-day moving average price is $285.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.72 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

CBOE has been the subject of a number of research analyst reports. Barclays lifted their target price on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Loop Capital set a $382.00 target price on Cboe Global Markets in a report on Monday, May 4th. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Piper Sandler lifted their target price on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued 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. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $322.60.

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. 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.