Geo Capital Gestora de Recursos Ltd Sells 4,755 Shares of Cboe Global Markets, Inc. $CBOE

Geo Capital Gestora de Recursos Ltd reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 96.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 153 shares of the company’s stock after selling 4,755 shares during the quarter. Cboe Global Markets accounts for about 0.1% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 27th biggest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Cboe Global Markets were worth $38,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CBOE. Caprock Group LLC purchased a new position in shares of Cboe Global Markets in the third quarter worth $4,156,000. Andra AP fonden boosted its position in shares of Cboe Global Markets by 7.9% during 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 last quarter. Bank of Montreal Can increased its holdings in Cboe Global Markets by 19.1% in the 2nd quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after buying an additional 38,872 shares in the last quarter. Nordea Investment Management AB raised its position in Cboe Global Markets by 3.4% in the 3rd quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock worth $174,304,000 after buying an additional 23,358 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Cboe Global Markets by 557.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock worth $9,070,000 after buying an additional 31,919 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 1.3%

CBOE opened at $300.62 on Thursday. The firm’s 50 day simple moving average is $272.21 and its two-hundred day simple moving average is $254.71. The company has a market capitalization of $31.47 billion, a PE ratio of 41.64, a PEG ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $305.68. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 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%.During the same period last year, the business posted $2.10 earnings per share. Cboe Global Markets’s revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares of the company’s stock, valued at $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 is available through this hyperlink. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock valued at $1,628,981 over the last quarter. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Company 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.