Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 51.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,150 shares of the company's stock after selling 4,350 shares during the quarter. Skylands Capital LLC's holdings in Cboe Global Markets were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after buying an additional 5,193,339 shares during the last quarter. Norges Bank bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $269,524,000. GAMMA Investing LLC increased its stake in shares of Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cboe Global Markets in the 4th quarter worth $59,206,000. Finally, Perpetual Ltd purchased a new position in Cboe Global Markets during the first quarter valued at $66,981,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Price Performance

CBOE stock traded up $4.21 during mid-day trading on Monday, reaching $233.21. 628,750 shares of the company's stock were exchanged, compared to its average volume of 868,778. The company has a market cap of $24.42 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a 12-month low of $166.88 and a 12-month high of $236.02. The stock's 50 day moving average is $224.45 and its 200 day moving average is $212.84. 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 (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping 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%. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business's revenue was up 12.6% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.08%. Cboe Global Markets's payout ratio is 33.03%.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CBOE. Loop Capital set a $227.00 price target on Cboe Global Markets in a research report on Monday, May 5th. Piper Sandler increased their target price on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Morgan Stanley cut shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their target price for the stock from $256.00 to $215.00 in a research note on Wednesday, May 14th. Oppenheimer lifted their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $219.64.

Cboe Global Markets Company 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.