GAMMA Investing LLC Acquires 1,212,368 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

GAMMA Investing LLC lifted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 29,094.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,216,535 shares of the company's stock after purchasing an additional 1,212,368 shares during the period. GAMMA Investing LLC owned 1.16% of Cboe Global Markets worth $275,290,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CBOE. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $29,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $31,000. Generali Asset Management SPA SGR purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Insider Activity at Cboe Global Markets

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

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE traded down $1.58 on Wednesday, hitting $225.70. The company's stock had a trading volume of 213,644 shares, compared to its average volume of 898,731. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $236.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $23.63 billion, a PE ratio of 31.26, a PEG ratio of 1.75 and a beta of 0.44. The company has a 50-day simple moving average of $220.96 and a 200 day simple moving average of $210.82.

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

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. Cboe Global Markets's dividend payout ratio is presently 33.03%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Barclays raised their price target on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Oppenheimer increased their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. UBS Group lifted their price target 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. Piper Sandler boosted their price objective on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price objective for the stock from $256.00 to $215.00 in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $219.64.

About Cboe Global Markets

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.