Global Retirement Partners LLC Grows Holdings in Cboe Global Markets, Inc. $CBOE

Global Retirement Partners LLC grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 636.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,881 shares of the company’s stock after buying an additional 13,725 shares during the period. Global Retirement Partners LLC’s holdings in Cboe Global Markets were worth $3,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBOE. Leonteq Securities AG purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $534,000. Covestor Ltd boosted its stake in shares of Cboe Global Markets by 55.3% in the 4th quarter. Covestor Ltd now owns 410 shares of the company’s stock valued at $103,000 after purchasing an additional 146 shares in the last quarter. Tredje AP fonden boosted its stake in shares of Cboe Global Markets by 293.2% in the 4th quarter. Tredje AP fonden now owns 148,887 shares of the company’s stock valued at $37,371,000 after purchasing an additional 111,022 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Cboe Global Markets by 44.0% in the 4th quarter. Handelsbanken Fonder AB now owns 38,206 shares of the company’s stock valued at $9,596,000 after purchasing an additional 11,671 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of Cboe Global Markets by 80.8% in the 4th quarter. Csenge Advisory Group now owns 1,945 shares of the company’s stock valued at $488,000 after purchasing an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares in the company, valued at $120,043.90. This represents a 37.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 1.5%

BATS:CBOE opened at $357.35 on Friday. The company has a fifty day moving average of $310.32 and a 200 day moving average of $281.46. Cboe Global Markets, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18. 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 market capitalization of $37.90 billion, a P/E ratio of 184.20 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same period in the prior year, the business posted $2.50 EPS. The firm’s revenue was up 29.0% compared to the same quarter last year. On average, research analysts predict 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 will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of research reports. Erste Group Bank initiated coverage on shares of Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating for the company. TD Cowen upped their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. UBS Group upped their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Piper Sandler upped their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Five analysts have rated the stock with 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 has a consensus rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Company 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.