Paralel Advisors LLC Sells 3,602 Shares of Cboe Global Markets, Inc. $CBOE

Paralel Advisors LLC decreased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 30.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,219 shares of the company’s stock after selling 3,602 shares during the quarter. Paralel Advisors LLC’s holdings in Cboe Global Markets were worth $1,995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBOE. BlackRock Inc. bought a new stake in Cboe Global Markets in the second quarter worth $2,474,799,000. State Street Corp increased its position in Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after acquiring an additional 101,349 shares during the last quarter. Geode Capital Management LLC increased its position in Cboe Global Markets by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after acquiring an additional 65,108 shares during the last quarter. Morgan Stanley raised its stake in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after acquiring an additional 155,333 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $491,465,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Janet Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Cowen lifted their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Piper Sandler dropped their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Loop Capital set a $380.00 target price on Cboe Global Markets in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $315.30.

Cboe Global Markets Price Performance

Shares of CBOE opened at $298.38 on Monday. The firm has a fifty day moving average price of $284.38 and a 200-day moving average price of $295.12. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.65 billion, a P/E ratio of 153.80 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.