Cboe Global Markets, Inc. $CBOE Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 88.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,248 shares of the company’s stock after selling 31,886 shares during the quarter. Picton Mahoney Asset Management’s holdings in Cboe Global Markets were worth $1,042,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Cboe Global Markets in the second quarter worth about $324,234,000. Alliancebernstein L.P. raised its position in shares of Cboe Global Markets by 4.1% during the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after buying an additional 390,034 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Cboe Global Markets by 27.3% in the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock worth $402,990,000 after acquiring an additional 370,223 shares during the period. Man Group plc boosted its holdings in shares of Cboe Global Markets by 106.5% in the second quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after acquiring an additional 281,939 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Cboe Global Markets by 1.5% during the second quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after acquiring an additional 195,086 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

CBOE opened at $296.99 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $31.09 billion, a PE ratio of 41.13, a P/E/G ratio of 1.75 and a beta of 0.33. The business has a fifty day simple moving average of $273.04 and a 200-day simple moving average of $255.01. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter last year, the firm earned $2.10 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Insiders Place Their Bets

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,695 shares of company stock worth $1,628,981 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Loop Capital set a $317.00 price objective on Cboe Global Markets in a report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $279.00.

Cboe Global Markets 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.