Picton Mahoney Asset Management Decreases Stake in Cboe Global Markets, Inc. $CBOE

Picton Mahoney Asset Management trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 88.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,248 shares of the company’s stock after selling 31,886 shares during the quarter. Picton Mahoney Asset Management’s holdings in Cboe Global Markets were worth $1,042,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBOE. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $33,000. Physician Wealth Advisors Inc. increased its stake in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Dakota Community Bank & Trust NA acquired a new stake in Cboe Global Markets in the third quarter valued at $42,000. Finally, Assetmark Inc. raised its holdings in Cboe Global Markets by 195.4% in the third quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director owned 4,761 shares in the company, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 5,695 shares of company stock worth $1,628,981. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $296.99 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $273.04 and a two-hundred day moving average of $255.01. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $305.68. The company has a market cap of $31.09 billion, a P/E ratio of 41.13, a PEG ratio of 1.75 and a beta of 0.33.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.10 EPS. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is 27.64%.

Analyst Ratings Changes

Several brokerages have weighed in on CBOE. Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. UBS Group reiterated a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler upped their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Finally, Barclays boosted their price target on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $279.00.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.