Hudson Bay Capital Management LP Acquires Shares of 39,130 Cboe Global Markets, Inc. $CBOE

Hudson Bay Capital Management LP bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 39,130 shares of the company’s stock, valued at approximately $9,597,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of Cboe Global Markets by 41.5% in the 3rd quarter. Allworth Financial LP now owns 518 shares of the company’s stock valued at $127,000 after purchasing an additional 152 shares during the period. Swiss Life Asset Management Ltd grew its stake in Cboe Global Markets by 14.2% in the third quarter. Swiss Life Asset Management Ltd now owns 63,551 shares of the company’s stock worth $15,586,000 after purchasing an additional 7,898 shares during the period. Groupama Asset Managment bought a new position in Cboe Global Markets in the third quarter worth $287,000. Polar Asset Management Partners Inc. bought a new position in Cboe Global Markets in the third quarter worth $625,000. Finally, Investment Research Partners LLC purchased a new position in Cboe Global Markets during the third quarter valued at $638,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,695 shares of company stock worth $1,628,981 in the last ninety days. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CBOE shares. UBS Group restated a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Morgan Stanley upped their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Finally, TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $279.00.

Cboe Global Markets Stock Down 0.9%

CBOE opened at $284.41 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $280.45 and a 200-day moving average price of $258.22. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $305.68. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 146.60 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.13. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $659.59 million. Equities research 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 was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were 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 of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio 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.