BTG Pactual Asset Management US LLC Acquires New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

BTG Pactual Asset Management US LLC bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,750 shares of the company’s stock, valued at approximately $1,124,000.

A number of other large investors have also recently modified their holdings of the business. Lee Danner & Bass Inc. acquired a new position in shares of Cboe Global Markets during the 4th quarter worth $29,000. Kestra Investment Management LLC acquired a new position in Cboe Global Markets during the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth about $36,000. Generali Asset Management SPA SGR acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 in the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CBOE shares. Jefferies Financial Group lowered their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, January 9th. Keefe, Bruyette & Woods dropped their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Oppenheimer raised their price objective on Cboe Global Markets from $233.00 to $237.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley raised Cboe Global Markets from an “underweight” rating to an “overweight” rating and set a $235.00 target price for the company in a report on Tuesday, April 8th. Finally, Bank of America reissued a “neutral” rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $218.80.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $215.09 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $234.37. The firm’s 50 day moving average price is $212.67. The firm has a market cap of $22.52 billion, a P/E ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the firm earned $2.06 EPS. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Cboe Global Markets Profile

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.