Roberts Glore & Co. Inc. IL acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,281 shares of the company’s stock, valued at approximately $554,000.
A number of other hedge funds have also modified their holdings of CBOE. Jupiter Topco LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $304,917,000. Ancora Advisors LLC purchased a new stake in Cboe Global Markets in the 2nd quarter valued at $1,127,000. Primecap Management Co. CA acquired a new stake in Cboe Global Markets during the 2nd quarter worth $1,238,000. Canada Pension Plan Investment Board acquired a new stake in Cboe Global Markets during the 2nd quarter worth $28,965,000. Finally, Legal & General Group Plc purchased a new position in Cboe Global Markets during the 2nd quarter worth $175,870,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CBOE. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. TD Cowen increased their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Barclays boosted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Erste Group Bank downgraded 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 assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $315.30.
Insider Buying and Selling at Cboe Global Markets
In related news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.
Cboe Global Markets Stock Performance
BATS:CBOE opened at $308.82 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $32.75 billion, a price-to-earnings ratio of 159.19 and a beta of 0.61. The firm’s fifty day moving average price is $275.73 and its 200 day moving average price is $293.41. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18.
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 for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same quarter in the previous year, the company earned $2.46 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.
Cboe Global Markets Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.
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.
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