Los Angeles Capital Management LLC Has $19.28 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Los Angeles Capital Management LLC trimmed its position in Cboe Global Markets, Inc. (BATS:CBOE) by 81.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,395 shares of the company’s stock after selling 351,027 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Cboe Global Markets worth $19,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CBOE. Norges Bank acquired a new stake in shares of Cboe Global Markets in the fourth quarter worth $354,578,000. First Trust Advisors LP lifted its stake in shares of Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after buying an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after buying an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cboe Global Markets in the third quarter worth $107,052,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

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 sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $281.91 on Monday. Cboe Global Markets, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18. 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’s fifty day moving average is $316.44 and its 200-day moving average is $285.96. The company has a market capitalization of $29.90 billion, a PE ratio of 145.32 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 EPS 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 for the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the company earned $2.50 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on CBOE shares. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday. Barclays boosted their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. TD Cowen boosted 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 report on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $322.60.

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.