Cboe Global Markets, Inc. $CBOE Position Lowered by JT Stratford LLC

JT Stratford LLC trimmed its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 51.0% in the third quarter, Holdings Channel reports. The firm owned 2,718 shares of the company’s stock after selling 2,833 shares during the quarter. JT Stratford LLC’s holdings in Cboe Global Markets were worth $667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBOE. Sagespring Wealth Partners LLC grew its position in shares of Cboe Global Markets by 4.1% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after acquiring an additional 42 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in Cboe Global Markets by 3.1% during the third quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock worth $351,000 after purchasing an additional 43 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Cboe Global Markets by 3.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after purchasing an additional 46 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Cboe Global Markets by 3.3% during the third quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $353,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CBOE. Barclays lifted their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. UBS Group reissued a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Morgan Stanley raised their target price on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Finally, Piper Sandler increased their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets Trading Down 1.2%

NASDAQ:CBOE opened at $296.99 on Friday. The stock has a market cap of $31.09 billion, a price-to-earnings ratio of 41.13, a PEG ratio of 1.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $305.68. The business has a fifty day moving average of $273.04 and a 200-day moving average of $255.01.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.10 earnings per share. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.72 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 27.64%.

Insider Activity at Cboe Global Markets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director owned 4,761 shares in the company, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the transaction, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock worth $1,628,981 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.