Candriam S.C.A. Cuts Stock Position in Cboe Global Markets, Inc. $CBOE

Candriam S.C.A. cut its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 28.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,469 shares of the company’s stock after selling 34,208 shares during the quarter. Candriam S.C.A.’s holdings in Cboe Global Markets were worth $24,304,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after buying an additional 3,987 shares in the last quarter. Empowered Funds LLC grew its holdings in Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after buying an additional 2,736 shares in the last quarter. Woodline Partners LP grew 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 valued at $2,002,000 after acquiring an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.1%

CBOE stock traded up $0.22 during midday trading on Friday, reaching $268.07. The company’s stock had a trading volume of 812,534 shares, compared to its average volume of 1,140,316. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The firm has a market capitalization of $28.43 billion, a price-to-earnings ratio of 138.18 and a beta of 0.61. The stock has a fifty day simple moving average of $299.74 and a two-hundred day simple moving average of $287.22. 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 (BATS:CBOE) last posted 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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, equities research analysts predict 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. Investors of record on Friday, May 29th were paid a $0.72 dividend. 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CBOE. UBS Group lifted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Barclays dropped their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a report on Thursday. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Finally, TD Cowen upped their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $314.10.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 owned by insiders.

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.