HUB Investment Partners LLC Buys 5,033 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• HUB Investment Partners LLC increased its stake in Cboe by 19.3%, buying an additional 5,033 shares to hold 31,085 shares worth about $7.623 million as of the latest 13F filing.
• Several large institutions have also added or held sizable positions (notably Norges Bank's new ~$324.2M stake and Vanguard's 12.83M shares), leaving institutional investors with 82.67% ownership of Cboe.
• Cboe beat Q4 estimates with $3.06 EPS and revenue up 28% year-over-year, announced a $0.72 quarterly dividend (1.0% yield), while insiders have been net sellers—5,695 shares (~$1.63M) sold in the last 90 days and insiders now own 0.22%.

HUB Investment Partners LLC lifted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 19.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 31,085 shares of the company's stock after acquiring an additional 5,033 shares during the period. HUB Investment Partners LLC's holdings in Cboe Global Markets were worth $7,623,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Cboe Global Markets during the second quarter worth about $324,234,000. Alliancebernstein L.P. increased its position in shares of Cboe Global Markets by 4.1% during the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company's stock valued at $2,298,185,000 after purchasing an additional 390,034 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Cboe Global Markets by 27.3% during the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company's stock valued at $402,990,000 after buying an additional 370,223 shares in the last quarter. Man Group plc raised its holdings in shares of Cboe Global Markets by 106.5% during the 2nd quarter. Man Group plc now owns 546,734 shares of the company's stock valued at $127,504,000 after buying an additional 281,939 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Cboe Global Markets by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company's stock worth $2,992,793,000 after buying an additional 195,086 shares during the last quarter. Institutional investors own 82.67% of the company's stock.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on CBOE shares. UBS Group reaffirmed a "neutral" rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, January 14th. Morgan Stanley increased their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an "underweight" rating in a report on Monday, December 22nd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, TD Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of "Hold" and a consensus price target of $279.00.

Cboe Global Markets Stock Up 1.3%

Shares of NASDAQ CBOE opened at $301.27 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $305.68. The firm's fifty day moving average is $273.94 and its 200 day moving average is $255.39. The company has a market cap of $31.53 billion, a price-to-earnings ratio of 41.73, a PEG ratio of 1.75 and a beta of 0.33.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating analysts' consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $2.10 earnings per share. On average, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets's dividend payout ratio is currently 27.64%.

Cboe Global Markets Company Profile

Cboe Global Markets NASDAQ: CBOE is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.

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