Paralel Advisors LLC Sells 3,602 Shares of Cboe Global Markets, Inc. $CBOE

Paralel Advisors LLC lowered its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,219 shares of the company’s stock after selling 3,602 shares during the quarter. Paralel Advisors LLC’s holdings in Cboe Global Markets were worth $1,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Cboe Global Markets during the second quarter valued at approximately $2,474,799,000. State Street Corp raised its position in Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after acquiring an additional 101,349 shares during the period. Geode Capital Management LLC raised its position in Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after acquiring an additional 65,108 shares during the period. Morgan Stanley boosted its stake in shares of Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after acquiring an additional 155,333 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Cboe Global Markets during the 2nd quarter worth $491,465,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $298.38 on Monday. The business’s 50 day moving average is $284.38 and its 200 day moving average is $295.12. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The company has a market capitalization of $31.65 billion, a PE ratio of 153.80 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the company posted $2.46 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.86 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CBOE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. TD Cowen upped their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $315.30.

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.