Prospector Partners LLC Reduces Stock Holdings in Cboe Global Markets, Inc. $CBOE

Prospector Partners LLC lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 88.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,775 shares of the company’s stock after selling 45,835 shares during the quarter. Cboe Global Markets makes up approximately 3.1% of Prospector Partners LLC’s holdings, making the stock its 11th largest holding. Prospector Partners LLC’s holdings in Cboe Global Markets were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC increased its position in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp increased its position in Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after purchasing an additional 3,987 shares in the last quarter. Empowered Funds LLC increased its position in Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP increased its position in Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after purchasing an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. TD Cowen lifted their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Piper Sandler lifted their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $322.60.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was 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 of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $294.91 on Monday. The stock’s 50-day moving average price is $317.77 and its two-hundred day moving average price is $287.28. 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 $223.54 and a 12-month high of $371.18. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 152.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly 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 firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period last year, the company earned $2.50 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

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