Summit Global Investments raised its position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 353.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,266 shares of the company’s stock after purchasing an additional 4,104 shares during the quarter. Summit Global Investments’ holdings in Cboe Global Markets were worth $1,480,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CBOE. Nordea Investment Management AB increased its holdings in Cboe Global Markets by 33.5% in the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after purchasing an additional 237,887 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Cboe Global Markets by 13.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock worth $14,686,000 after buying an additional 7,012 shares during the period. Pacer Advisors Inc. lifted its holdings in Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares during the period. Park Avenue Securities LLC grew its position in shares of Cboe Global Markets by 37.9% in the 4th quarter. Park Avenue Securities LLC now owns 12,993 shares of the company’s stock valued at $3,261,000 after buying an additional 3,574 shares during the last quarter. Finally, Brindle & Bay Financial Advisors LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $735,000. 81.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Barclays reduced their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. TD Cowen increased their target price on shares of Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a research report on Monday. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $303.60.
Insiders Place Their Bets
In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.
Cboe Global Markets Stock Performance
Shares of CBOE opened at $278.21 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $29.51 billion, a P/E ratio of 143.41 and a beta of 0.61. The firm’s fifty day simple moving average is $292.36 and its two-hundred day simple moving average is $288.36. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18.
Cboe Global Markets (BATS:CBOE – Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.
About Cboe Global Markets
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.
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