Picton Mahoney Asset Management Buys Shares of 36,480 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Picton Mahoney Asset Management acquired 36,480 shares of Cboe Global Markets, Inc. in the first quarter, valued at approximately $8.26 million.
• Cboe Global Markets recently received upgrades from multiple analysts, with UBS and Citigroup raising their price targets to $245, while Morgan Stanley maintained an underweight rating with a target of $218.
• The company announced a quarterly dividend of $0.63, translating to an annual yield of 1.04%, with a payout ratio of 33.03%.

Picton Mahoney Asset Management bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 36,480 shares of the company's stock, valued at approximately $8,256,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Cboe Global Markets during the 1st quarter valued at about $27,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC grew its holdings in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares in the last quarter. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. Finally, Versant Capital Management Inc grew its holdings in shares of Cboe Global Markets by 221.2% during the first quarter. Versant Capital Management Inc now owns 212 shares of the company's stock worth $48,000 after buying an additional 146 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Oppenheimer lifted their price target on shares of Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $222.58.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $241.54 on Tuesday. Cboe Global Markets, Inc. has a 1 year low of $181.32 and a 1 year high of $248.79. The firm has a 50 day moving average price of $230.84 and a 200 day moving average price of $218.93. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business earned $2.15 earnings per share. The company's revenue was up 12.6% compared to the same quarter last year. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. Cboe Global Markets's payout ratio is 33.03%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company's stock.

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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