Sterling Capital Management LLC Reduces Stock Position in Cboe Global Markets, Inc. $CBOE

Sterling Capital Management LLC trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 43.2% in the first quarter, Holdings Channel reports. The institutional investor owned 3,525 shares of the company’s stock after selling 2,686 shares during the quarter. Sterling Capital Management LLC’s holdings in Cboe Global Markets were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sound Income Strategies LLC grew its position in shares of Cboe Global Markets by 102.2% in the fourth 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. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets during the 4th quarter worth about $26,000. Elyxium Wealth LLC bought a new position in Cboe Global Markets in the 4th quarter worth about $33,000. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter worth about $31,000. Finally, DV Equities LLC bought a new position in Cboe Global Markets in the 4th quarter worth about $37,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, 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 value of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Up 4.8%

Shares of BATS CBOE opened at $242.67 on Wednesday. The stock has a market capitalization of $25.74 billion, a P/E ratio of 125.09 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The firm’s 50 day simple moving average is $306.99 and its two-hundred day simple moving average is $287.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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

Cboe Global Markets Dividend Announcement

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

Wall Street Analyst Weigh In

CBOE has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Piper Sandler raised their price target 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. UBS Group boosted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.