Bantamac Capital LLC Lowers Stock Position in Cboe Global Markets, Inc. $CBOE

Bantamac Capital LLC trimmed its position in Cboe Global Markets, Inc. (BATS:CBOE) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 72,900 shares of the company’s stock after selling 3,000 shares during the quarter. Cboe Global Markets makes up 8.8% of Bantamac Capital LLC’s portfolio, making the stock its biggest position. Bantamac Capital LLC’s holdings in Cboe Global Markets were worth $18,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Cboe Global Markets by 102.2% in 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. Physician Wealth Advisors Inc. increased its stake in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $33,000. Headlands Technologies LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $31,000. Finally, Ameriflex Group Inc. increased its stake in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CBOE shares. Morgan Stanley lifted their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. TD Cowen raised their target price 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Barclays raised their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Erste Group Bank initiated coverage on shares of Cboe Global Markets in a research report on Tuesday, May 12th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $333.56 on Friday. The firm has a market cap of $35.38 billion, a PE ratio of 171.94 and a beta of 0.61. The firm’s fifty day moving average is $316.03 and its 200-day moving average is $284.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.50 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.