Global Retirement Partners LLC Buys 13,725 Shares of Cboe Global Markets, Inc. $CBOE

Global Retirement Partners LLC grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 636.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,881 shares of the company’s stock after purchasing an additional 13,725 shares during the quarter. Global Retirement Partners LLC’s holdings in Cboe Global Markets were worth $3,986,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC bought a new position in Cboe Global Markets in the 3rd quarter worth $4,156,000. Andra AP fonden raised its holdings in Cboe Global Markets by 7.9% in the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares in the last quarter. Nordea Investment Management AB raised its holdings in Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Cboe Global Markets by 557.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock worth $9,070,000 after purchasing an additional 31,919 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Cboe Global Markets by 12.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the company’s stock worth $8,632,000 after purchasing an additional 3,915 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares in the company, valued at $120,043.90. This trade represents a 37.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on CBOE. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Morgan Stanley upped their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a report on Friday, April 10th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Barclays increased their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group increased their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Up 1.5%

Shares of Cboe Global Markets stock opened at $357.35 on Friday. 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 company has a 50-day moving average of $310.32 and a 200 day moving average of $281.46. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 184.20 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. 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.