GAMMA Investing LLC Has $1.22 Million Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

GAMMA Investing LLC boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 29.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,376 shares of the company's stock after acquiring an additional 1,209 shares during the period. GAMMA Investing LLC's holdings in Cboe Global Markets were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBOE. Vanguard Group Inc. lifted its position in Cboe Global Markets by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock valued at $2,467,700,000 after purchasing an additional 56,233 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after buying an additional 5,193,339 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock valued at $784,566,000 after buying an additional 126,721 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cboe Global Markets by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after buying an additional 44,291 shares in the last quarter. Finally, FMR LLC increased its position in Cboe Global Markets by 2.5% in the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock valued at $307,165,000 after acquiring an additional 38,587 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares in the company, 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 hyperlink. Insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded down $1.21 during mid-day trading on Tuesday, hitting $232.00. The company's stock had a trading volume of 741,253 shares, compared to its average volume of 867,741. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.29 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.75 and a beta of 0.43. The stock's fifty day moving average price is $224.82 and its two-hundred day moving average price is $213.07. Cboe Global Markets, Inc. has a twelve month low of $166.88 and a twelve month high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business posted $2.15 earnings per share. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CBOE shares. Piper Sandler boosted their price target on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Barclays raised their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Oppenheimer boosted their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Company 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.