Moors & Cabot Inc. Sells 2,716 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Moors & Cabot Inc. reduced its holdings in Cboe Global Markets, Inc. by 50.6%, selling 2,716 shares and bringing its ownership down to 2,650 shares, valued at approximately $600,000.
• In recent quarters, several hedge funds have increased their stakes in Cboe Global Markets, with Schroder Investment Management Group boosting its stake by 244.7% to 5,374 shares valued at over $1 million.
• As of the last earnings report, Cboe reported a 14.3% increase in revenue year-over-year, alongside an EPS of $2.46, beating the consensus estimate by $0.03.

Moors & Cabot Inc. decreased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,650 shares of the company's stock after selling 2,716 shares during the quarter. Moors & Cabot Inc.'s holdings in Cboe Global Markets were worth $600,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC boosted its stake in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares during the period. Schroder Investment Management Group boosted its stake in Cboe Global Markets by 244.7% during the 4th quarter. Schroder Investment Management Group now owns 5,374 shares of the company's stock valued at $1,053,000 after purchasing an additional 3,815 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Cboe Global Markets during the 4th quarter valued at approximately $10,048,000. Envestnet Asset Management Inc. boosted its stake in Cboe Global Markets by 11.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock valued at $39,804,000 after purchasing an additional 21,161 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in Cboe Global Markets in the 4th quarter valued at approximately $110,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $247.79 on Monday. The stock's fifty day simple moving average is $231.96 and its 200 day simple moving average is $220.31. 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 firm has a market cap of $25.95 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a one year low of $186.10 and a one year high of $249.63.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.15 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.0%. Cboe Global Markets's payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

CBOE has been the topic of several recent research reports. Bank of America reissued a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a report on Monday, May 5th. Barclays decreased their price objective on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $222.58.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

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.

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