Calamos Advisors LLC Sells 83,865 Shares of Cboe Global Markets, Inc. $CBOE

Calamos Advisors LLC reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 99.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802 shares of the company’s stock after selling 83,865 shares during the quarter. Calamos Advisors LLC’s holdings in Cboe Global Markets were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after acquiring an additional 237,887 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Cboe Global Markets by 13.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock worth $14,686,000 after acquiring an additional 7,012 shares in the last quarter. Pacer Advisors Inc. increased its position in Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares during the period. Park Avenue Securities LLC increased its position in Cboe Global Markets by 37.9% during the 4th quarter. Park Avenue Securities LLC now owns 12,993 shares of the company’s stock valued at $3,261,000 after purchasing an additional 3,574 shares during the period. Finally, Brindle & Bay Financial Advisors LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $735,000. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Loop Capital set a $347.00 price target on shares of Cboe Global Markets in a research report on Thursday, July 9th. TD Cowen lifted their price objective 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. Morgan Stanley reissued an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Finally, Piper Sandler dropped their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $314.00.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $273.41 on Friday. The company has a market capitalization of $29.00 billion, a PE ratio of 140.93 and a beta of 0.61. The company has a 50-day simple moving average of $293.80 and a two-hundred day simple moving average of $287.97. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. 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 (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the business earned $2.50 EPS. The company’s 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 fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.72 per share. 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 1.1%. 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 firm’s stock in a transaction that occurred 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 sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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.