GAM Holding AG Invests $1.54 Million in Cboe Global Markets, Inc. (NASDAQ:CBOE)

GAM Holding AG purchased a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,810 shares of the company's stock, valued at approximately $1,541,000.

A number of other hedge funds have also recently made changes to their positions in CBOE. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Kestra Investment Management LLC bought a new position in Cboe Global Markets in the 4th quarter valued at approximately $31,000. Finally, Generali Asset Management SPA SGR bought a new position in Cboe Global Markets in the 4th quarter valued at approximately $37,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $225.85 on Friday. The business's fifty day moving average price is $223.28 and its 200-day moving average price is $211.89. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 1-year low of $166.88 and a 1-year high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. Cboe Global Markets's revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 EPS. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Cboe Global Markets's payout ratio is 33.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CBOE shares. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research report on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price objective for the company from $256.00 to $215.00 in a research report on Wednesday, May 14th. Finally, UBS Group upped their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $219.64.

Insider Activity

In other news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president now directly owns 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.22% of the company's stock.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.

Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.