Otter Creek Advisors LLC Has $1.91 Million Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Otter Creek Advisors LLC lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 70.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,000 shares of the company’s stock after selling 38,500 shares during the period. Cboe Global Markets comprises 0.8% of Otter Creek Advisors LLC’s portfolio, making the stock its 25th largest holding. Otter Creek Advisors LLC’s holdings in Cboe Global Markets were worth $1,905,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CBOE. Fifth Third Bancorp lifted its stake in shares of Cboe Global Markets by 33.9% during the second quarter. Fifth Third Bancorp now owns 332 shares of the company’s stock valued at $40,000 after acquiring an additional 84 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Cboe Global Markets by 2.2% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,312 shares of the company’s stock worth $513,000 after purchasing an additional 93 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in Cboe Global Markets by 1.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 7,100 shares of the company’s stock valued at $845,000 after purchasing an additional 100 shares during the period. Seelaus Asset Management LLC boosted its stake in Cboe Global Markets by 1.6% in the second quarter. Seelaus Asset Management LLC now owns 6,235 shares of the company’s stock valued at $742,000 after acquiring an additional 100 shares during the last quarter. Finally, Sowell Financial Services LLC grew its holdings in Cboe Global Markets by 26.8% during the 1st quarter. Sowell Financial Services LLC now owns 625 shares of the company’s stock worth $67,000 after acquiring an additional 132 shares during the period. 79.76% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CBOE traded up $0.81 during mid-day trading on Wednesday, hitting $124.69. The company had a trading volume of 14,828 shares, compared to its average volume of 652,694. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $122.68 and a two-hundred day simple moving average of $113.73. The company has a market capitalization of $13.30 billion, a PE ratio of 30.44 and a beta of 0.66. Cboe Global Markets, Inc. has a one year low of $77.63 and a one year high of $139.00.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Thursday, July 29th. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.02. Cboe Global Markets had a return on equity of 16.65% and a net margin of 12.73%. The firm had revenue of $350.60 million during the quarter, compared to the consensus estimate of $346.64 million. During the same period last year, the company earned $1.31 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets, Inc. will post 5.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st were issued a dividend of $0.48 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, August 30th. This represents a $1.92 annualized dividend and a dividend yield of 1.54%. Cboe Global Markets’s payout ratio is presently 36.43%.

CBOE has been the topic of several recent research reports. UBS Group raised their price target on Cboe Global Markets from $111.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 7th. Argus raised their target price on Cboe Global Markets from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Piper Sandler upped their price target on Cboe Global Markets from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Monday, July 12th. Zacks Investment Research lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research note on Tuesday, June 22nd. Finally, Morgan Stanley assumed coverage on Cboe Global Markets in a research note on Friday, June 11th. They set an “underweight” rating and a $104.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $195.54.

In related news, CEO Edward T. Tilly sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $119.93, for a total value of $899,475.00. Following the transaction, the chief executive officer now owns 162,574 shares in the company, valued at $19,497,499.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian N. Schell sold 3,026 shares of the firm’s stock in a transaction on Thursday, June 24th. The shares were sold at an average price of $120.79, for a total value of $365,510.54. Following the completion of the sale, the chief financial officer now directly owns 12,391 shares in the company, valued at approximately $1,496,708.89. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

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