Varenne Capital Partners Buys New Position in Cboe Global Markets, Inc. $CBOE

Varenne Capital Partners bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 106,908 shares of the company’s stock, valued at approximately $25,925,000. Cboe Global Markets makes up approximately 4.3% of Varenne Capital Partners’ portfolio, making the stock its 10th biggest holding. Varenne Capital Partners owned approximately 0.10% of Cboe Global Markets as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Cboe Global Markets by 1,854.4% in the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP increased its stake in Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after buying an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after buying an additional 198 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analyst Ratings Changes

CBOE has been the subject of several recent research reports. Morgan Stanley reissued an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. TD Cowen upped their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Piper Sandler reduced their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Barclays lifted their target price on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Stock Performance

BATS CBOE opened at $298.38 on Monday. 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, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The stock has a market capitalization of $31.65 billion, a PE ratio of 153.80 and a beta of 0.61. The firm has a 50 day moving average of $284.38 and a two-hundred day moving average of $295.12.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the business earned $2.46 EPS. The company’s revenue was up 24.6% on a year-over-year basis. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets Company 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.