Cboe Global Markets, Inc. $CBOE Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 8.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,042 shares of the company’s stock after selling 5,325 shares during the period. Cboe Global Markets comprises approximately 1.7% of Isthmus Partners LLC’s portfolio, making the stock its 12th largest position. Isthmus Partners LLC’s holdings in Cboe Global Markets were worth $15,752,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CBOE. Sound Income Strategies LLC lifted its holdings in shares of Cboe Global Markets by 102.2% in 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 during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets during the 4th quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in Cboe Global Markets during the second quarter worth approximately $31,000. Elyxium Wealth LLC acquired a new position in Cboe Global Markets during the fourth quarter worth approximately $33,000. Finally, DV Equities LLC purchased a new stake in Cboe Global Markets in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $264.98 on Thursday. The stock has a market capitalization of $28.10 billion, a price-to-earnings ratio of 136.59 and a beta of 0.61. The business’s 50 day moving average is $301.20 and its two-hundred day moving average is $287.22. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. 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 posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the firm earned $2.50 EPS. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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 sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBOE. Barclays increased their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $310.70.

About Cboe Global Markets

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.