Mount Lucas Management LP Takes Position in Cboe Global Markets, Inc. (BATS:CBOE)

Mount Lucas Management LP acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,135 shares of the company’s stock, valued at approximately $2,703,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Cboe Global Markets in the fourth quarter valued at about $30,000. Allworth Financial LP increased its holdings in shares of Cboe Global Markets by 75.3% in the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $31,000. BKM Wealth Management LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $33,000. Finally, NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the third quarter worth about $29,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE traded up $0.44 during trading hours on Tuesday, reaching $180.84. 596,190 shares of the stock were exchanged, compared to its average volume of 636,231. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of 93.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The stock’s fifty day simple moving average is $183.43 and its 200 day simple moving average is $179.43.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter last year, the company posted $1.80 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 1.22%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity

In other news, EVP Dave Howson sold 8,314 shares of Cboe Global Markets stock in a transaction on Friday, February 9th. The stock was sold at an average price of $183.88, for a total value of $1,528,778.32. Following the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,231,323.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBOE shares. Bank of America increased their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. Rosenblatt Securities increased their price target on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Barclays increased their price target on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $190.18.

Cboe Global Markets Company Profile

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.