Bank of Nova Scotia Reduces Stake in Cboe Global Markets, Inc. $CBOE

Bank of Nova Scotia lowered its position in Cboe Global Markets, Inc. (BATS:CBOE) by 10.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 16,109 shares of the company’s stock after selling 1,814 shares during the quarter. Bank of Nova Scotia’s holdings in Cboe Global Markets were worth $4,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings 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 worth $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at about $26,000. NFSG Corp bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets in the second quarter worth about $31,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at about $33,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.3%

Shares of BATS CBOE opened at $288.87 on Tuesday. The firm has a market cap of $30.64 billion, a PE ratio of 148.90 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $284.45 and a two-hundred day simple moving average of $289.50.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The company 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 was up 29.0% compared to the same quarter last year. During the same period last year, the business posted $2.50 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share 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 given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CBOE shares. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen upped their price target on shares of Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Piper Sandler reduced their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Loop Capital set a $304.00 price target on shares of Cboe Global Markets in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $303.60.

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.