Anchor Capital Advisors LLC Lowers Position in Cboe Global Markets, Inc. $CBOE

Anchor Capital Advisors LLC cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 297,345 shares of the company’s stock after selling 13,357 shares during the quarter. Cboe Global Markets makes up about 2.2% of Anchor Capital Advisors LLC’s portfolio, making the stock its 4th largest position. Anchor Capital Advisors LLC’s holdings in Cboe Global Markets were worth $74,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC grew its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets during the 4th quarter valued at $33,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth $31,000. Finally, Ameriflex Group Inc. raised its position in Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’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 transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Erste Group Bank initiated coverage on Cboe Global Markets in a research report on Tuesday, May 12th. They issued a “buy” rating for the company. Piper Sandler upped their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. TD Cowen boosted their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Finally, Morgan Stanley lifted their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Trading Down 8.4%

Shares of BATS:CBOE opened at $275.59 on Wednesday. The stock has a 50 day moving average of $316.37 and a 200 day moving average of $285.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $29.23 billion, a PE ratio of 142.06 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $218.14 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business posted $2.50 earnings per share. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.72 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.