Bryn Mawr Capital Management LLC Acquires New Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Bryn Mawr Capital Management LLC acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,073 shares of the company’s stock, valued at approximately $405,000.

Several other institutional investors and hedge funds have also modified their holdings of CBOE. Kestra Investment Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $31,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $36,000. TD Private Client Wealth LLC lifted its stake in shares of Cboe Global Markets by 149.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Cboe Global Markets by 2,000.0% in the 4th quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock valued at $82,000 after purchasing an additional 400 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at $158,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CBOE. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Oppenheimer cut their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. StockNews.com raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $206.86.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,316 shares of company stock valued at $2,332,393 over the last quarter. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $210.93 on Friday. The company’s 50-day moving average is $199.97. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.76 and a beta of 0.68. 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 52 week low of $166.13 and a 52 week high of $221.66.

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

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. Cboe Global Markets’s payout ratio is currently 34.90%.

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.