River Global Investors LLP Lowers Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

River Global Investors LLP decreased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,280 shares of the company’s stock after selling 1,120 shares during the quarter. River Global Investors LLP’s holdings in Cboe Global Markets were worth $943,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake in shares of Cboe Global Markets by 12.7% in the third quarter. Metis Global Partners LLC now owns 5,239 shares of the company’s stock worth $818,000 after buying an additional 592 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in Cboe Global Markets by 17.7% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 3,427 shares of the company’s stock worth $535,000 after purchasing an additional 516 shares during the period. Monument Capital Management acquired a new position in Cboe Global Markets in the 4th quarter worth about $215,000. Illinois Municipal Retirement Fund raised its holdings in Cboe Global Markets by 30.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 8,004 shares of the company’s stock worth $1,429,000 after purchasing an additional 1,883 shares during the period. Finally, McGuire Investment Group LLC raised its holdings in Cboe Global Markets by 0.9% in the 4th quarter. McGuire Investment Group LLC now owns 94,024 shares of the company’s stock worth $16,789,000 after purchasing an additional 867 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBOE. Citigroup upped their price target on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Bank of America upped their price target on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Oppenheimer increased their target price on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $190.18.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,322 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the transaction, the executive vice president now directly owns 17,573 shares in the company, valued at $3,285,448.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Price Performance

Shares of CBOE stock traded up $5.55 during trading hours on Friday, reaching $179.67. The company had a trading volume of 961,052 shares, compared to its average volume of 636,231. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $182.47 and a 200-day moving average of $179.75. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 92.61 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.11. The business had revenue of $502.10 million during the quarter, compared to analyst estimates of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.55 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.