Polar Asset Management Partners Inc. Acquires New Holdings in Cboe Global Markets, Inc. $CBOE

Polar Asset Management Partners Inc. bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,549 shares of the company’s stock, valued at approximately $625,000.

A number of other institutional investors have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC lifted its stake in shares of Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp increased its position in Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the period. Empowered Funds LLC raised its holdings in Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP raised its holdings in 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 purchasing an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares during the period. 81.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley boosted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Barclays upped their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, Loop Capital set a $317.00 price objective on Cboe Global Markets in a research report on Monday, February 9th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $279.00.

Insider Transactions at Cboe Global Markets

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The shares were 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 owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Price Performance

CBOE stock opened at $283.95 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $280.91 and its 200-day moving average is $258.56. The stock has a market capitalization of $30.12 billion, a PE ratio of 146.37 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $305.68.

Cboe Global Markets (BATS:CBOE) last issued its 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 business had revenue of $671.10 million during the quarter, compared to analyst estimates of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

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.