ProShare Advisors LLC Lowers Holdings in Cboe Global Markets, Inc. $CBOE

ProShare Advisors LLC trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,288 shares of the company’s stock after selling 3,231 shares during the period. ProShare Advisors LLC’s holdings in Cboe Global Markets were worth $6,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Cboe Global Markets during the fourth quarter worth approximately $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets during the second quarter worth approximately $31,000. Finally, Ameriflex Group Inc. increased its stake in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets 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 transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. This represents a 37.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Up 1.5%

Shares of BATS:CBOE opened at $357.35 on Friday. Cboe Global Markets, Inc. has a 52-week low of $218.14 and a 52-week high of $371.18. The stock has a market cap of $37.90 billion, a P/E ratio of 184.20 and a beta of 0.61. The business’s 50 day moving average is $310.32 and its 200 day moving average is $281.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 earnings per share. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Erste Group Bank started coverage on Cboe Global Markets in a research note on Tuesday, May 12th. They set a “buy” rating on the stock. UBS Group upped their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Piper Sandler upped their target price on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets 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.