Goodman Advisory Group LLC Decreases Stake in Cboe Global Markets, Inc. $CBOE

Goodman Advisory Group LLC cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 23.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,093 shares of the company’s stock after selling 9,346 shares during the quarter. Cboe Global Markets makes up approximately 2.2% of Goodman Advisory Group LLC’s portfolio, making the stock its 15th biggest position. Goodman Advisory Group LLC’s holdings in Cboe Global Markets were worth $8,458,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CBOE. Nordea Investment Management AB raised its stake in Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after buying an additional 237,887 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after acquiring an additional 991,209 shares during the last quarter. HUB Investment Partners LLC raised its position in shares of Cboe Global Markets by 19.3% during the 3rd quarter. HUB Investment Partners LLC now owns 31,085 shares of the company’s stock worth $7,623,000 after acquiring an additional 5,033 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cboe Global Markets by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 675,969 shares of the company’s stock worth $165,787,000 after acquiring an additional 14,585 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Cboe Global Markets by 13.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock worth $14,686,000 after purchasing an additional 7,012 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 1.1%

Shares of BATS CBOE opened at $242.21 on Friday. The business has a 50-day moving average price of $309.69 and a 200 day moving average price of $287.08. The stock has a market cap of $25.69 billion, a PE ratio of 124.85 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.50 earnings per share. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBOE shares. Piper Sandler upped their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Barclays raised their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group boosted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Loop Capital set a $263.00 target price on shares of Cboe Global Markets in a report on Monday, June 22nd. Finally, Argus raised shares of Cboe Global Markets to a “hold” rating in a research 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $310.70.

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.