Tandem Investment Advisors Inc. Cuts Stock Position in Cboe Global Markets, Inc. $CBOE

Tandem Investment Advisors Inc. trimmed its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,069 shares of the company’s stock after selling 2,124 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Cboe Global Markets were worth $1,706,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CBOE. Brighton Jones LLC lifted its holdings in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Cboe Global Markets by 1,854.4% during the first 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 stake in shares of Cboe Global Markets by 132.4% during the first 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 raised its position in shares of 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 during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Loop Capital set a $347.00 price target on Cboe Global Markets in a research note on Thursday, July 9th. Finally, UBS Group boosted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $314.00.

Cboe Global Markets Stock Performance

CBOE opened at $273.41 on Friday. The firm has a market capitalization of $29.00 billion, a PE ratio of 140.93 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The firm’s 50-day moving average price is $293.80 and its 200 day moving average price is $287.97. 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 (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analysts’ expectations 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 was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.50 EPS. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio is 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.