Fig Financial Advisory Services Inc. ADV purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,964 shares of the company’s stock, valued at approximately $1,447,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Danske Bank A S bought a new position in Cboe Global Markets in the second quarter valued at about $658,000. Wealthfront Advisers LLC purchased a new position in Cboe Global Markets in the second quarter worth about $9,985,000. Aljian Capital Management LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $268,000. JLB & Associates Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $1,970,000. Finally, BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $2,474,799,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays upped their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price target on shares of 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. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $315.30.
Cboe Global Markets Stock Down 1.4%
BATS CBOE opened at $290.99 on Wednesday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $30.86 billion, a P/E ratio of 150.00 and a beta of 0.61. The stock’s 50-day moving average price is $274.88 and its 200-day moving average price is $292.29.
Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The company 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%.The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 EPS. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.
Cboe Global Markets Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.86 dividend. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.
Insider Buying and Selling at Cboe Global Markets
In other news, Director Janet P. Froetscher sold 937 shares of the 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 directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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.
Featured Articles
- Five stocks we like better than Cboe Global Markets
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
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.
