Shelter Rock Management LLC Buys New Position in Cboe Global Markets, Inc. $CBOE

Shelter Rock Management LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,238 shares of the company’s stock, valued at approximately $2,821,000. Cboe Global Markets comprises 2.8% of Shelter Rock Management LLC’s portfolio, making the stock its 13th largest position.

Several other institutional investors have also added to or reduced their stakes in CBOE. Sound Income Strategies LLC boosted 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 buying an additional 46 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $31,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $33,000. Finally, Ameriflex Group Inc. boosted its holdings in shares of Cboe Global Markets by 97.4% during the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after buying an additional 76 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CBOE. Barclays increased their price target on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Morgan Stanley increased their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Loop Capital set a $382.00 price target on Cboe Global Markets 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 given a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $322.60.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on 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 directly owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This represents a 37.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $357.35 on Friday. Cboe Global Markets, Inc. has a 12-month low of $218.14 and a 12-month high of $371.18. The business’s fifty day moving average is $310.32 and its 200 day moving average is $281.46. 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 stock has a market cap of $37.90 billion, a P/E ratio of 184.20 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the business earned $2.50 EPS. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. 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.