Los Angeles Capital Management LLC Has $19.28 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

Los Angeles Capital Management LLC decreased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 81.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,395 shares of the company’s stock after selling 351,027 shares during the period. Los Angeles Capital Management LLC’s holdings in Cboe Global Markets were worth $19,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CBOE. Norges Bank acquired a new position in Cboe Global Markets during the 4th quarter worth about $354,578,000. First Trust Advisors LP lifted its position in Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after buying an additional 697,600 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Cboe Global Markets by 2,425.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after buying an additional 635,199 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Cboe Global Markets during the 3rd quarter worth about $107,052,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CBOE shares. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday. Barclays upped their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. TD Cowen upped their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Finally, Loop Capital set a $382.00 price target on shares of Cboe Global Markets in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $281.91 on Monday. The company has a market capitalization of $29.90 billion, a price-to-earnings ratio of 145.32 and a beta of 0.61. The firm’s 50 day simple moving average is $316.44 and its 200 day simple moving average is $285.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $218.14 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

About Cboe Global Markets

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.