Moran Wealth Management LLC Purchases 2,279 Shares of Cboe Global Markets, Inc. $CBOE

Moran Wealth Management LLC grew its position in Cboe Global Markets, Inc. (BATS:CBOE) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,080 shares of the company’s stock after purchasing an additional 2,279 shares during the quarter. Moran Wealth Management LLC’s holdings in Cboe Global Markets were worth $7,299,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC raised its position in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Physician Wealth Advisors Inc. raised its position in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Ameriflex Group Inc. raised its position in shares of Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Cboe Global Markets in the third quarter valued at approximately $45,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CBOE shares. Loop Capital set a $293.00 price target on shares of Cboe Global Markets in a research report on Thursday, April 9th. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Piper Sandler boosted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $294.20.

Cboe Global Markets Trading Down 3.1%

Shares of CBOE stock opened at $299.94 on Friday. Cboe Global Markets, Inc. has a 1 year low of $207.74 and a 1 year high of $309.87. The firm’s fifty day simple moving average is $289.14 and its 200 day simple moving average is $266.19. The firm has a market capitalization of $31.81 billion, a P/E ratio of 154.61 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares in the company, valued at $3,693,726.27. This trade represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by company insiders.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.