3,979 Cboe Global Markets, Inc. $CBOE Shares Acquired by Investment Research Partners LLC

Investment Research Partners LLC boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 131.7% in the third quarter, HoldingsChannel reports. The firm owned 7,001 shares of the company’s stock after purchasing an additional 3,979 shares during the quarter. Investment Research Partners LLC’s holdings in Cboe Global Markets were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Cboe Global Markets during the 2nd quarter worth $2,474,799,000. Deutsche Bank AG acquired a new stake in Cboe Global Markets in the second quarter worth $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets in the second quarter worth $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cboe Global Markets by 5.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after buying an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Cboe Global Markets by 10.1% in the first quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after buying an additional 68,742 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CBOE shares. Barclays reduced their price target on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $258.00 to $358.00 in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Piper Sandler cut their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $321.91.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $306.47 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $288.41 and a 200-day simple moving average of $293.61. The company has a market cap of $32.50 billion, a PE ratio of 157.98 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same period in the prior year, the company posted $2.46 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the business’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 completion of the transaction, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.