Pacer Advisors Inc. Sells 3,015 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Pacer Advisors Inc. decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 36.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,361 shares of the company’s stock after selling 3,015 shares during the quarter. Pacer Advisors Inc.’s holdings in Cboe Global Markets were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company’s stock valued at $275,290,000 after purchasing an additional 1,212,368 shares during the period. Perpetual Ltd purchased a new stake in Cboe Global Markets during the 1st quarter valued at approximately $66,981,000. First Trust Advisors LP increased its position in Cboe Global Markets by 756.0% during the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock worth $58,317,000 after purchasing an additional 263,585 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Cboe Global Markets by 108.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company’s stock worth $3,498,000 after acquiring an additional 234,199 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Cboe Global Markets by 270.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock worth $58,559,000 after acquiring an additional 218,865 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president owned 2,183 shares of the company’s stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America reiterated a “neutral” rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Piper Sandler lifted their price target on Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. UBS Group lifted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Oppenheimer lifted their target price on Cboe Global Markets from $249.00 to $253.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Cowen restated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.58.

Cboe Global Markets Trading Up 0.7%

Cboe Global Markets stock opened at $241.38 on Thursday. The firm has a 50-day moving average of $231.12 and a 200-day moving average of $219.07. Cboe Global Markets, Inc. has a one year low of $181.32 and a one year high of $248.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market cap of $25.28 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $2.15 earnings per share. Cboe Global Markets’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. Cboe Global Markets’s dividend payout ratio (DPR) is 33.03%.

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.