Pacer Advisors Inc. Grows Holdings in Cboe Global Markets, Inc. $CBOE

Pacer Advisors Inc. boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 36.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,639 shares of the company’s stock after purchasing an additional 3,119 shares during the period. Pacer Advisors Inc.’s holdings in Cboe Global Markets were worth $2,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Cboe Global Markets during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new stake in Cboe Global Markets during the fourth quarter worth $33,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the second quarter worth $31,000. Finally, DV Equities LLC purchased a new position in Cboe Global Markets in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. TD Cowen increased their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Loop Capital set a $263.00 price objective on shares of Cboe Global Markets in a report on Monday. Finally, Piper Sandler lifted their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $310.70.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $257.42 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day simple moving average of $313.07 and a two-hundred day simple moving average of $287.48. Cboe Global Markets, Inc. has a 1 year low of $223.54 and a 1 year high of $371.18. The company has a market capitalization of $27.30 billion, a P/E ratio of 132.69 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.