Burling Wealth Partners LLC Invests $215,000 in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Burling Wealth Partners LLC bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 950 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets during the first quarter worth $27,000. Lee Danner & Bass Inc. bought a new position in Cboe Global Markets during the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in Cboe Global Markets during the fourth quarter worth about $29,000. Hughes Financial Services LLC acquired a new stake in Cboe Global Markets in the 1st quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after purchasing an additional 139 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares of the company’s stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by insiders.

Cboe Global Markets Trading Up 0.3%

Shares of CBOE stock opened at $237.84 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.90 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a twelve month low of $179.80 and a twelve month high of $239.25. The stock’s fifty day simple moving average is $228.07 and its 200 day simple moving average is $216.27.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm posted $2.15 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. Cboe Global Markets’s dividend payout ratio is 33.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CBOE. Barclays lowered their target price on shares of Cboe Global Markets from $245.00 to $243.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Citigroup lifted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the company an “underweight” rating in a research report on Tuesday. Oppenheimer raised their price target on Cboe Global Markets from $249.00 to $253.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $222.58.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.