20,427 Shares in Cboe Global Markets, Inc. $CBOE Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,427 shares of the company’s stock, valued at approximately $4,957,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $25,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets during the fourth quarter worth $26,000. Clearstead Trust LLC acquired a new stake in Cboe Global Markets in the second quarter worth $27,000. Finally, NFSG Corp acquired a new stake in Cboe Global Markets in the first quarter worth $31,000. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen boosted their target price on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Piper Sandler reduced their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Three equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Down 3.3%

Cboe Global Markets stock opened at $300.20 on Tuesday. The firm has a market capitalization of $31.84 billion, a price-to-earnings ratio of 154.74 and a beta of 0.61. The firm’s fifty day moving average price is $280.29 and its two-hundred day moving average price is $294.35. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the previous year, the firm posted $2.46 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.86 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.