Patton Fund Management Inc. Sells 18,371 Shares of Cboe Global Markets, Inc. $CBOE

Patton Fund Management Inc. cut its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 63.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,446 shares of the company’s stock after selling 18,371 shares during the quarter. Patton Fund Management Inc.’s holdings in Cboe Global Markets were worth $2,936,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its position in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Cboe Global Markets during the 4th quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in Cboe Global Markets in the 4th quarter worth approximately $33,000. Finally, DV Equities LLC purchased a new position in Cboe Global Markets in the 4th quarter worth approximately $37,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Price Performance

Shares of Cboe Global Markets stock opened at $242.21 on Monday. The stock has a 50 day moving average of $309.69 and a 200 day moving average of $287.32. 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 $25.69 billion, a PE ratio of 124.85 and a beta of 0.61. 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 released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The business 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 for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CBOE shares. Piper Sandler increased their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Loop Capital set a $263.00 target price on shares of Cboe Global Markets in a research report on Monday, June 22nd. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $310.70.

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.