Balyasny Asset Management L.P. Sells 278,883 Shares of Cboe Global Markets, Inc. $CBOE

Balyasny Asset Management L.P. lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 37.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 470,775 shares of the company’s stock after selling 278,883 shares during the period. Balyasny Asset Management L.P.’s holdings in Cboe Global Markets were worth $118,165,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its stake in Cboe Global Markets by 102.2% during the fourth 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. bought a new position in Cboe Global Markets during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new position in Cboe Global Markets during the fourth quarter worth $33,000. Headlands Technologies LLC bought a new position in Cboe Global Markets during the second quarter worth $31,000. Finally, DV Equities LLC bought a new position in Cboe Global Markets during the fourth quarter worth $37,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 4.0%

Shares of BATS:CBOE opened at $254.69 on Thursday. The business’s 50 day simple moving average is $316.51 and its two-hundred day simple moving average is $287.56. The firm has a market cap of $27.01 billion, a P/E ratio of 131.28 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly 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 business had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 earnings per share. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CBOE shares. Morgan Stanley lifted their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Barclays raised their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Piper Sandler raised their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $322.60.

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.