Cidel Asset Management Inc. Cuts Position in Cboe Global Markets, Inc. $CBOE

Cidel Asset Management Inc. lowered its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,967 shares of the company’s stock after selling 11,892 shares during the period. Cboe Global Markets comprises 1.3% of Cidel Asset Management Inc.’s portfolio, making the stock its 26th largest holding. Cidel Asset Management Inc. owned 0.07% of Cboe Global Markets worth $17,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. increased its holdings in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 55 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $33,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $31,000. Ameriflex Group Inc. grew its holdings in shares of 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 acquiring an additional 76 shares during the period. Finally, Dakota Community Bank & Trust NA acquired a new stake in shares of Cboe Global Markets in the 3rd quarter worth approximately $42,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. Barclays raised their price target on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, four have given 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 an average rating of “Hold” and an average target price of $279.00.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $289.95 on Monday. The business’s fifty day moving average price is $282.95 and its two-hundred day moving average price is $262.23. The stock has a market cap of $30.75 billion, a PE ratio of 149.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $305.68.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $671.10 million during the quarter, compared to analysts’ expectations of $659.59 million. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. This represents a 37.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by insiders.

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.