Prana Capital Management LP Buys Shares of 2,611 Cboe Global Markets, Inc. $CBOE

Prana Capital Management LP acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,611 shares of the company’s stock, valued at approximately $640,000.

Other hedge funds also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in Cboe Global Markets in the third quarter worth approximately $3,540,000. Achmea Investment Management B.V. grew its position in shares of Cboe Global Markets by 5.5% during the 3rd quarter. Achmea Investment Management B.V. now owns 9,970 shares of the company’s stock worth $2,445,000 after buying an additional 518 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Cboe Global Markets by 16.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,911 shares of the company’s stock valued at $469,000 after buying an additional 275 shares during the period. Danske Bank A S bought a new stake in shares of Cboe Global Markets in the third quarter valued at about $19,386,000. Finally, SHUTTLEWORTH & Co purchased a new stake in Cboe Global Markets in the third quarter worth about $2,035,000. Institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of several research reports. Piper Sandler upped their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Barclays increased their target price on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $279.00.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the transaction, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. The trade was a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,695 shares of company stock worth $1,628,981. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 0.4%

Cboe Global Markets stock opened at $292.89 on Wednesday. The business’s 50-day simple moving average is $279.37 and its two-hundred day simple moving average is $257.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $31.06 billion, a PE ratio of 150.98 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $659.59 million. Equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 98.97%.

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.