Dockside LLC Buys New Position in Cboe Global Markets, Inc. $CBOE

Dockside LLC bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,537 shares of the company’s stock, valued at approximately $3,398,000.

Several other large investors also recently added to or reduced their stakes in CBOE. 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 grew its position in Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after buying an additional 3,987 shares during the period. Empowered Funds LLC lifted its holdings in Cboe Global Markets by 132.4% during the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP lifted its holdings in Cboe Global Markets by 40.7% during the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after purchasing an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Cboe Global Markets by 138.5% during the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock valued at $77,000 after purchasing an additional 198 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CBOE shares. Barclays lifted their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Loop Capital set a $382.00 price target on shares of Cboe Global Markets in a report on Monday, May 4th. Finally, TD Cowen lifted their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Price Performance

CBOE stock opened at $294.91 on Friday. Cboe Global Markets, Inc. has a one year low of $223.54 and a one year high of $371.18. The company’s fifty day moving average price is $317.77 and its 200-day moving average price is $287.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $31.28 billion, a PE ratio of 152.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities analysts anticipate 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 will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

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.