Skylands Capital LLC Trims Position in Cboe Global Markets, Inc. $CBOE

Skylands Capital LLC cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 75.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000 shares of the company’s stock after selling 3,000 shares during the period. Skylands Capital LLC’s holdings in Cboe Global Markets were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Brighton Jones LLC lifted its stake in Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the period. Empowered Funds LLC grew its position in shares of Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP grew its position in shares of Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after purchasing an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

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 transaction, 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report 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. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $310.70.

Cboe Global Markets Stock Performance

BATS CBOE opened at $242.21 on Monday. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18. The company has a fifty day moving average of $309.69 and a 200-day moving average of $287.32. The company has a market capitalization of $25.69 billion, a P/E ratio of 124.85 and a beta of 0.61. 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 released its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 earnings per share. The firm’s revenue was up 29.0% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio 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.