Gator Capital Management LLC Takes Position in Cboe Global Markets, Inc. $CBOE

Gator Capital Management LLC purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,481 shares of the company’s stock, valued at approximately $2,380,000.

Other large investors have also made changes to their positions in the company. Andra AP fonden raised its holdings in shares of Cboe Global Markets by 7.9% during the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after acquiring an additional 9,100 shares during the period. Nordea Investment Management AB increased its stake in Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after buying an additional 237,887 shares during the period. First Trust Advisors LP increased its stake in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after buying an additional 991,209 shares during the period. Longbow Finance SA acquired a new position in Cboe Global Markets in the 3rd quarter valued at approximately $14,017,000. Finally, Aberdeen Group plc increased its stake in Cboe Global Markets by 9.9% in the 3rd quarter. Aberdeen Group plc now owns 101,779 shares of the company’s stock valued at $24,961,000 after buying an additional 9,180 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $294.91 on Friday. The company’s fifty day moving average is $317.77 and its 200-day moving average is $287.05. Cboe Global Markets, Inc. has a 12 month low of $223.54 and a 12 month high of $371.18. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 152.02 and a beta of 0.61. 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 results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the business posted $2.50 EPS. Cboe Global Markets’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Ratings Changes

Several research analysts have weighed in on CBOE shares. Piper Sandler upped their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Keefe, Bruyette & Woods upped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Loop Capital set a $382.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $322.60.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

About Cboe Global Markets

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.