Renaissance Technologies LLC Lowers Position in Cboe Global Markets, Inc. $CBOE

Renaissance Technologies LLC lessened its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,100,506 shares of the company’s stock after selling 38,900 shares during the quarter. Cboe Global Markets comprises 0.5% of Renaissance Technologies LLC’s investment portfolio, making the stock its 24th largest position. Renaissance Technologies LLC owned about 1.04% of Cboe Global Markets worth $309,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CBOE. Sound Income Strategies LLC raised its stake in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets in the 4th quarter worth approximately $26,000. NFSG Corp purchased a new position in Cboe Global Markets in the 1st quarter worth approximately $31,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the 4th quarter worth $33,000. Finally, Headlands Technologies LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $285.07 on Friday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The stock has a market capitalization of $30.24 billion, a price-to-earnings ratio of 146.94 and a beta of 0.61. The company has a fifty day moving average of $286.00 and a 200-day moving average of $288.96. 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 issued its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.50 EPS. Equities research analysts expect 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 was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets 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 transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of several research reports. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research note on Friday, July 10th. Loop Capital set a $304.00 price objective on Cboe Global Markets in a report on Monday. Finally, TD Cowen raised their price objective on Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $303.60.

Cboe Global Markets 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.