Cidel Asset Management Inc. Has $13.69 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Cidel Asset Management Inc. reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,417 shares of the company’s stock after selling 22,952 shares during the period. Cidel Asset Management Inc. owned about 0.05% of Cboe Global Markets worth $13,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CBOE. Jones Financial Companies Lllp purchased a new stake in shares of Cboe Global Markets in the second quarter worth approximately $25,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the second quarter valued at approximately $27,000. Finally, NFSG Corp purchased a new position in Cboe Global Markets during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 1.7%

Shares of BATS:CBOE opened at $293.33 on Wednesday. The stock has a market capitalization of $31.11 billion, a PE ratio of 151.20 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The firm has a fifty day moving average price of $286.73 and a 200 day moving average price of $295.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the company earned $2.46 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. TD Cowen boosted their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Piper Sandler dropped their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $315.30.

About Cboe Global Markets

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.