Patton Fund Management Inc. Sells 18,371 Shares of Cboe Global Markets, Inc. $CBOE

Patton Fund Management Inc. lowered its stake in Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 63.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,446 shares of the company’s stock after selling 18,371 shares during the quarter. Patton Fund Management Inc.’s holdings in Cboe Global Markets were worth $2,936,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cboe Global Markets during the 4th quarter valued at $354,578,000. First Trust Advisors LP grew its holdings in shares of Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after acquiring an additional 991,209 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after acquiring an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Cboe Global Markets by 2,425.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after acquiring an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Cboe Global Markets during the third quarter valued at $107,052,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $242.21 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. The stock has a 50-day simple moving average of $309.69 and a two-hundred day simple moving average of $287.32. The firm has a market capitalization of $25.69 billion, a PE ratio of 124.85 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOEGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same quarter last year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Ratings Changes

A number of research firms have weighed in on CBOE. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. TD Cowen upped their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, May 4th. UBS Group increased their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Loop Capital set a $263.00 price objective on shares of Cboe Global Markets in a report on Monday, June 22nd. Finally, 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 report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $310.70.

Read Our Latest Stock Analysis on Cboe Global Markets

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.

Cboe Global Markets Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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