Pictet Asset Management Holding SA Decreases Position in Cboe Global Markets, Inc. $CBOE

Pictet Asset Management Holding SA trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 4.7% in the first quarter, HoldingsChannel.com reports. The firm owned 62,252 shares of the company’s stock after selling 3,093 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cboe Global Markets were worth $17,498,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CBOE. Sound Income Strategies LLC grew its stake in Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the second quarter valued at approximately $31,000. Elyxium Wealth LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $37,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $248.99 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $26.41 billion, a P/E ratio of 128.35 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company has a 50-day moving average price of $304.85 and a 200 day moving average price of $287.07.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 EPS. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. UBS Group lifted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays upped their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $310.70.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.