Passumpsic Savings Bank Acquires New Holdings in Cboe Global Markets, Inc. $CBOE

Passumpsic Savings Bank acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,146 shares of the company’s stock, valued at approximately $2,045,000.

A number of other large investors have also added to or reduced their stakes in CBOE. First Trust Advisors LP raised its holdings in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after buying an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after buying an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after buying an additional 635,199 shares during the last quarter. Marshall Wace LLP bought a new position in Cboe Global Markets in the 3rd quarter valued at approximately $107,052,000. Finally, Credit Agricole S A bought a new position in Cboe Global Markets in the 3rd quarter valued at approximately $70,475,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. UBS Group raised their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Erste Group Bank began coverage on shares of Cboe Global Markets in a report on Tuesday, May 12th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $322.60.

Insiders Place Their Bets

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This trade represents a 23.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 5,695 shares of company stock worth $1,628,981. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $363.02 on Monday. 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 $217.85 and a 52-week high of $367.91. The firm has a 50 day moving average price of $303.68 and a two-hundred day moving average price of $277.49. The firm has a market cap of $38.50 billion, a price-to-earnings ratio of 187.12 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released 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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter last year, the business earned $2.50 EPS. The company’s revenue was up 29.0% compared to the same quarter last year. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 0.8%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets Company 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.