JT Stratford LLC Lowers Stock Position in Cboe Global Markets, Inc. $CBOE

JT Stratford LLC reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 51.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,718 shares of the company’s stock after selling 2,833 shares during the quarter. JT Stratford LLC’s holdings in Cboe Global Markets were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Cboe Global Markets by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 675,969 shares of the company’s stock worth $165,787,000 after acquiring an additional 14,585 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Cboe Global Markets by 71.2% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 17,315 shares of the company’s stock valued at $4,247,000 after purchasing an additional 7,204 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Cboe Global Markets by 28.2% during the 3rd quarter. Journey Strategic Wealth LLC now owns 1,453 shares of the company’s stock worth $356,000 after purchasing an additional 320 shares during the period. Aprio Wealth Management LLC increased its position in Cboe Global Markets by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock worth $351,000 after purchasing an additional 43 shares in the last quarter. Finally, Andra AP fonden raised its holdings in Cboe Global Markets by 7.9% in the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after buying an additional 9,100 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CBOE. Barclays boosted their price objective on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Piper Sandler upped their target price on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Loop Capital set a $317.00 target price on Cboe Global Markets in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $279.00.

Insiders Place Their Bets

In other news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock worth $1,628,981 in the last three months. 0.22% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $296.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company’s fifty day moving average price is $273.04 and its two-hundred day moving average price is $255.01. The firm has a market capitalization of $31.09 billion, a P/E ratio of 41.13, a P/E/G ratio of 1.75 and a beta of 0.33. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating 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%.During the same quarter in the prior year, the firm earned $2.10 earnings per share. The firm’s revenue was up 28.0% compared to the same quarter last year. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is 27.64%.

Cboe Global Markets Profile

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.