Pacer Advisors Inc. Boosts Stock Position in Cboe Global Markets, Inc. $CBOE

Pacer Advisors Inc. lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 36.6% in the fourth quarter, Holdings Channel.com reports. The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CBOE. Sound Income Strategies LLC raised its stake in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets in the 4th quarter worth about $26,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $31,000. Elyxium Wealth LLC purchased a new position in Cboe Global Markets during the 4th quarter valued at about $33,000. Finally, DV Equities LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $37,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.6%

Shares of CBOE opened at $257.42 on Wednesday. The firm’s 50 day simple moving average is $313.07 and its 200 day simple moving average is $287.48. The company has a market capitalization of $27.30 billion, a P/E ratio of 132.69 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1-year low of $223.54 and a 1-year high of $371.18.

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 the consensus estimate 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 business had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same period in the previous year, the business posted $2.50 earnings per share. Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Insider Activity

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CBOE shares. TD Cowen increased their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Morgan Stanley boosted their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $310.70.

Cboe Global Markets 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.