Coppell Advisory Solutions LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,224 shares of the company’s stock, valued at approximately $37,000.
A number of other institutional investors have also added to or reduced their stakes in CBOE. Jones Financial Companies Lllp acquired a new stake in Cboe Global Markets in the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Cboe Global Markets during the second quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $26,000. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth $27,000. Finally, NFSG Corp bought a new position in shares of Cboe Global Markets in the 1st quarter worth $31,000. 81.73% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.
Cboe Global Markets Stock Up 1.5%
Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.
Cboe Global Markets Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is presently 98.97%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Barclays upped their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $315.30.
Get Our Latest Analysis on CBOE
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.
Featured Articles
- Five stocks we like better than Cboe Global Markets
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (BATS:CBOE – Free Report).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.
