Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in Cboe Global Markets by 36%, selling 3,015 shares and retaining a total of 5,361 shares valued at approximately $1.21 million.
• A number of hedge funds, including GAMMA Investing LLC, made significant changes to their holdings in Cboe Global Markets, with GAMMA increasing its position by an astonishing 29,094.5%.
• Cboe Global Markets reported earnings per share of $2.50, exceeding analyst expectations, with a projected EPS of 8.96 for the current fiscal year.

Pacer Advisors Inc. decreased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 36.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,361 shares of the company's stock after selling 3,015 shares during the quarter. Pacer Advisors Inc.'s holdings in Cboe Global Markets were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets during the first quarter worth approximately $27,000. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth $29,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets during the first quarter valued at $29,000. Cornerstone Planning Group LLC boosted its position in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after acquiring an additional 139 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Cboe Global Markets by 221.2% during the 1st quarter. Versant Capital Management Inc now owns 212 shares of the company's stock worth $48,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE stock traded up $6.75 during trading hours on Friday, hitting $247.79. The stock had a trading volume of 1,327,699 shares, compared to its average volume of 877,771. The stock's 50-day moving average price is $231.96 and its two-hundred day moving average price is $219.93. 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 one year low of $186.10 and a one year high of $249.63. The stock has a market capitalization of $25.95 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $2.15 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Citigroup lifted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Bank of America reaffirmed a "neutral" rating and set a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. UBS Group boosted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $222.58.

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.