Cboe Global Markets, Inc. $CBOE Shares Sold by Burney Co.

Burney Co. reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 37.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,281 shares of the company’s stock after selling 40,256 shares during the period. Cboe Global Markets comprises approximately 0.6% of Burney Co.’s portfolio, making the stock its 24th largest position. Burney Co.’s holdings in Cboe Global Markets were worth $19,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kendall Capital Management raised its stake in Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after buying an additional 40 shares in the last quarter. SHUTTLEWORTH & Co lifted its holdings in Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after buying an additional 41 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Cboe Global Markets by 0.7% during the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Cboe Global Markets by 4.5% during the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after acquiring an additional 44 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Cboe Global Markets by 0.9% in the 4th quarter. Advisory Services Network LLC now owns 4,740 shares of the company’s stock valued at $1,190,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBOE shares. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Barclays upped their price target on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Argus upgraded shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $310.70.

Cboe Global Markets Stock Down 1.6%

CBOE opened at $245.08 on Tuesday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $25.99 billion, a P/E ratio of 126.33 and a beta of 0.61. The business’s 50-day simple moving average is $302.78 and its 200-day simple moving average is $287.06.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million during 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 was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 EPS. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’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 transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

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.