Ridgewood Investments LLC Decreases Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Posted by Defense World Staff on Jul 10th, 2023

Ridgewood Investments LLC lowered its position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 48.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 830 shares of the company’s stock after selling 776 shares during the quarter. Ridgewood Investments LLC’s holdings in Cboe Global Markets were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Czech National Bank raised its position in Cboe Global Markets by 0.6% in the first quarter. Czech National Bank now owns 12,496 shares of the company’s stock worth $1,677,000 after acquiring an additional 79 shares during the period. Inspire Investing LLC raised its holdings in shares of Cboe Global Markets by 2.9% in the 1st quarter. Inspire Investing LLC now owns 2,805 shares of the company’s stock worth $377,000 after purchasing an additional 79 shares during the period. J2 Capital Management Inc raised its holdings in shares of Cboe Global Markets by 3.7% in the 1st quarter. J2 Capital Management Inc now owns 2,599 shares of the company’s stock worth $349,000 after purchasing an additional 93 shares during the period. Louisiana State Employees Retirement System lifted its stake in Cboe Global Markets by 1.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 6,900 shares of the company’s stock valued at $866,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in Cboe Global Markets by 0.3% during the fourth quarter. State of Michigan Retirement System now owns 28,803 shares of the company’s stock valued at $3,614,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CBOE. StockNews.com began coverage on Cboe Global Markets in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 6th. Barclays began coverage on shares of Cboe Global Markets in a research report on Wednesday, June 28th. They set an “equal weight” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cboe Global Markets from $147.00 to $148.00 in a research report on Monday, May 8th. Finally, Oppenheimer raised their price objective on shares of Cboe Global Markets from $147.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.00.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Joseph P. Ratterman sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $135.96, for a total value of $2,039,400.00. Following the completion of the transaction, the director now owns 22,615 shares of the company’s stock, valued at approximately $3,074,735.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Cboe Global Markets news, Director Joseph P. Ratterman sold 15,000 shares of Cboe Global Markets stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $135.96, for a total transaction of $2,039,400.00. Following the completion of the sale, the director now owns 22,615 shares of the company’s stock, valued at $3,074,735.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John P. Sexton sold 2,999 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $138.00, for a total value of $413,862.00. Following the transaction, the executive vice president now owns 16,793 shares in the company, valued at $2,317,434. The disclosure for this sale can be found here. Insiders have sold 29,849 shares of company stock valued at $4,054,525 over the last three months. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Down 0.8 %

Shares of BATS:CBOE opened at $135.84 on Monday. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 70.02 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The firm has a fifty day moving average price of $136.35 and a two-hundred day moving average price of $134.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE – Free Report) last posted its quarterly earnings data on Friday, May 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.03. The company had revenue of $471.40 million during the quarter, compared to analyst estimates of $482.03 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $1.73 earnings per share. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, May 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets 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.