Geo Capital Gestora de Recursos Ltd Sells 4,755 Shares of Cboe Global Markets, Inc. $CBOE

Geo Capital Gestora de Recursos Ltd cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 96.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153 shares of the company’s stock after selling 4,755 shares during the quarter. Cboe Global Markets makes up approximately 0.1% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 27th largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Cboe Global Markets were worth $38,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $33,000. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $31,000. Dakota Community Bank & Trust NA bought a new position in shares of Cboe Global Markets during the third quarter valued at approximately $42,000. Finally, Assetmark Inc. raised its holdings in shares of Cboe Global Markets by 195.4% during the third quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Activity

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This trade represents a 23.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,695 shares of company stock worth $1,628,981. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $300.62 on Thursday. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $305.68. The firm has a market capitalization of $31.47 billion, a P/E ratio of 41.64, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $272.21 and a two-hundred day simple moving average of $254.71.

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

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 27.64%.

Analysts Set New Price Targets

Several analysts recently weighed in on CBOE shares. 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. Loop Capital set a $317.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Piper Sandler lifted their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Finally, Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $279.00.

About Cboe Global Markets

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.