Tandem Investment Advisors Inc. Sells 5,191 Shares of Cboe Global Markets, Inc. $CBOE

Tandem Investment Advisors Inc. reduced its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 38.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,193 shares of the company’s stock after selling 5,191 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Cboe Global Markets were worth $2,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its position in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares in the last quarter. Headlands Technologies LLC acquired a new position in Cboe Global Markets during the 2nd quarter valued at about $31,000. Physician Wealth Advisors Inc. increased its holdings in Cboe Global Markets by 70.5% during the 3rd 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 during the 4th quarter worth approximately $33,000. Finally, Ameriflex Group Inc. raised its stake in shares of 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 during the last quarter. 81.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction 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 represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Barclays increased their price target on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. TD Cowen upped their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Performance

BATS CBOE opened at $357.35 on Tuesday. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 184.20 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $218.14 and a one year high of $371.18. 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 business’s fifty day moving average is $311.67 and its 200-day moving average is $282.46.

Cboe Global Markets (BATS:CBOE) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 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.