Skylands Capital LLC Increases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Skylands Capital LLC grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 88.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,500 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Skylands Capital LLC’s holdings in Cboe Global Markets were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC raised its holdings in shares of Cboe Global Markets by 0.3% during the third quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock valued at $313,090,000 after acquiring an additional 5,216 shares in the last quarter. Tandem Investment Advisors Inc. lifted its position in shares of Cboe Global Markets by 2.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 830,847 shares of the company’s stock worth $162,347,000 after purchasing an additional 20,515 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Cboe Global Markets by 5.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 673,030 shares of the company’s stock worth $131,510,000 after purchasing an additional 36,710 shares during the period. Nordea Investment Management AB boosted its stake in shares of Cboe Global Markets by 16.7% during the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock valued at $126,262,000 after purchasing an additional 92,537 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Cboe Global Markets by 27.9% during the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after buying an additional 116,852 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CBOE shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price target on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. William Blair began coverage on shares of Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Oppenheimer cut their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target on the stock. in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $206.86.

Cboe Global Markets Stock Up 1.0 %

Shares of NASDAQ CBOE opened at $210.93 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company’s 50-day moving average is $199.97. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $221.66. The stock has a market cap of $22.08 billion, a P/E ratio of 29.21, a PEG ratio of 1.75 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the firm earned $2.06 EPS. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,316 shares of company stock valued at $2,332,393 in the last 90 days. Company insiders own 0.22% of the company’s stock.

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.