First Trust Advisors LP Decreases Stake in Cboe Global Markets, Inc. $CBOE

First Trust Advisors LP cut its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 14.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,215,559 shares of the company’s stock after selling 198,425 shares during the period. First Trust Advisors LP’s holdings in Cboe Global Markets were worth $341,657,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its holdings in Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after acquiring an additional 33 shares during the last quarter. Kendall Capital Management boosted its holdings in shares of Cboe Global Markets by 0.5% during the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after purchasing an additional 40 shares during the last quarter. SHUTTLEWORTH & Co grew its position in shares of Cboe Global Markets by 0.5% in the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after purchasing an additional 41 shares in the last quarter. Norinchukin Bank The grew its position in shares of Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after purchasing an additional 42 shares in the last quarter. Finally, IHT Wealth Management LLC increased its holdings in shares of Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction dated 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 approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Down 1.4%

CBOE stock opened at $274.40 on Wednesday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The firm has a market cap of $29.10 billion, a PE ratio of 141.44 and a beta of 0.61. The firm’s 50 day moving average price is $290.73 and its 200-day moving average price is $288.52. 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 issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 earnings per share. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital set a $304.00 price objective on Cboe Global Markets in a research report on Monday. 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 note on Monday, May 4th. UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Morgan Stanley reissued an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Finally, TD Cowen upped their price objective on shares of Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $303.60.

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.