Skylands Capital LLC Sells 3,000 Shares of Cboe Global Markets, Inc. $CBOE

Skylands Capital LLC lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 75.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,000 shares of the company’s stock after selling 3,000 shares during the period. Skylands Capital LLC’s holdings in Cboe Global Markets were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB increased its stake in shares of Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after buying an additional 237,887 shares during the period. First Trust Advisors LP raised its holdings in Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after buying an additional 991,209 shares during the last quarter. HUB Investment Partners LLC boosted its position in Cboe Global Markets by 19.3% during the 3rd quarter. HUB Investment Partners LLC now owns 31,085 shares of the company’s stock valued at $7,623,000 after buying an additional 5,033 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Cboe Global Markets by 13.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after buying an additional 7,012 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Cboe Global Markets by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 675,969 shares of the company’s stock worth $165,787,000 after acquiring an additional 14,585 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on CBOE shares. Morgan Stanley upped their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. TD Cowen boosted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Barclays increased their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Loop Capital set a $263.00 price objective on Cboe Global Markets in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $310.70.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $242.21 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $223.54 and a one year high of $371.18. The company has a 50-day simple moving average of $309.69 and a two-hundred day simple moving average of $287.32. The firm has a market capitalization of $25.69 billion, a PE ratio of 124.85 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.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 prior year, the business earned $2.50 EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

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.