Goodman Advisory Group LLC Trims Stock Position in Cboe Global Markets, Inc. $CBOE

Goodman Advisory Group LLC trimmed its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 23.7% in the first quarter, Holdings Channel reports. The fund owned 30,093 shares of the company’s stock after selling 9,346 shares during the period. Cboe Global Markets accounts for about 2.2% of Goodman Advisory Group LLC’s portfolio, making the stock its 15th biggest position. Goodman Advisory Group LLC’s holdings in Cboe Global Markets were worth $8,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Cboe Global Markets by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after purchasing an additional 120,021 shares during the period. State Street Corp lifted its holdings in shares of Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after purchasing an additional 101,349 shares during the period. Geode Capital Management LLC grew its position in Cboe Global Markets by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after buying an additional 65,108 shares during the last quarter. Morgan Stanley grew its position in Cboe Global Markets by 6.1% in the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after buying an additional 155,333 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Cboe Global Markets by 5.8% in the 4th quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock valued at $484,749,000 after buying an additional 105,168 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 1.1%

Shares of BATS CBOE opened at $242.21 on Friday. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 124.85 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $223.54 and a 52 week high of $371.18. The firm has a 50-day moving average price of $309.69 and a 200 day moving average price of $287.08. 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 issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share 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 company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBOE. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Argus upgraded Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Piper Sandler lifted their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One 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 stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $310.70.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s 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 transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

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.