Cboe Global Markets, Inc. $CBOE Shares Acquired by Goodman Advisory Group LLC

Goodman Advisory Group LLC raised its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 113.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 39,439 shares of the company’s stock after purchasing an additional 20,951 shares during the period. Cboe Global Markets makes up approximately 2.4% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 13th biggest position. Goodman Advisory Group LLC’s holdings in Cboe Global Markets were worth $9,899,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CBOE. Sound Income Strategies LLC lifted its stake in Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Headlands Technologies LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth about $31,000. Elyxium Wealth LLC acquired a new position in Cboe Global Markets during the 4th quarter worth about $33,000. Ameriflex Group Inc. lifted its stake in Cboe Global Markets by 97.4% during the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares in the last quarter. Finally, MCF Advisors LLC lifted its stake in Cboe Global Markets by 71.4% during the 4th quarter. MCF Advisors LLC now owns 180 shares of the company’s stock worth $45,000 after acquiring an additional 75 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group increased their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Piper Sandler boosted their price target on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $322.60.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 company insiders.

Cboe Global Markets Stock Up 3.6%

Shares of BATS:CBOE opened at $301.08 on Thursday. The firm’s 50 day moving average price is $317.18 and its 200 day moving average price is $286.69. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of 155.20 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $219.27 and a fifty-two 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.

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

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.72 dividend. The ex-dividend date of this dividend is 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 98.97%.

Cboe Global Markets 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.