Y Intercept Hong Kong Ltd Purchases New Position in Cboe Global Markets, Inc. $CBOE

Y Intercept Hong Kong Ltd acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 31,320 shares of the company’s stock, valued at approximately $7,861,000.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake in 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 purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $33,000. Ameriflex Group Inc. increased its stake in 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. Finally, MCF Advisors LLC increased its stake in Cboe Global Markets by 71.4% during the 4th quarter. MCF Advisors LLC now owns 180 shares of the company’s stock worth $45,000 after buying an additional 75 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Argus upgraded Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Loop Capital set a $382.00 price objective on Cboe Global Markets in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Piper Sandler boosted their target price on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Trading Down 0.3%

Shares of Cboe Global Markets stock opened at $294.91 on Friday. The stock has a market cap of $31.28 billion, a P/E ratio of 152.02 and a beta of 0.61. The stock’s 50 day simple moving average is $317.77 and its 200-day simple moving average is $287.05. Cboe Global Markets, Inc. has a 1-year low of $223.54 and a 1-year high of $371.18. 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 (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 EPS. Analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets 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.