Cboe Global Markets, Inc. $CBOE Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,252 shares of the company’s stock after selling 3,093 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Cboe Global Markets worth $17,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares in the last quarter. Empowered Funds LLC boosted its stake in Cboe Global Markets by 132.4% during the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after buying an additional 2,736 shares during the last quarter. Woodline Partners LP boosted its stake in Cboe Global Markets by 40.7% during the first 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 last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Cboe Global Markets by 138.5% during the first 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 last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director directly 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 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Cowen raised their target price on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. UBS Group upped their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $310.70.

Cboe Global Markets Trading Up 0.5%

BATS CBOE opened at $248.99 on Friday. 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 $26.41 billion, a PE ratio of 128.35 and a beta of 0.61. The firm has a 50 day moving average of $304.85 and a two-hundred day moving average of $287.07.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is 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.