Tandem Investment Advisors Inc. Has $2.06 Million Holdings in Cboe Global Markets, Inc. $CBOE

Tandem Investment Advisors Inc. trimmed its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 38.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,193 shares of the company’s stock after selling 5,191 shares during the period. Tandem Investment Advisors Inc.’s holdings in Cboe Global Markets were worth $2,056,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings 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 worth $25,000 after acquiring an additional 46 shares during the period. Physician Wealth Advisors Inc. raised its position in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Cboe Global Markets during the fourth quarter valued at approximately $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets during the second quarter worth $31,000. Finally, Ameriflex Group Inc. lifted its stake in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $357.35 on Tuesday. The company has a market capitalization of $37.90 billion, a PE ratio of 184.20 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $311.67 and a 200 day simple moving average of $282.46. Cboe Global Markets, Inc. has a twelve month low of $218.14 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the company earned $2.50 EPS. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CBOE has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Barclays lifted their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $322.60.

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.