Virtu Financial LLC Takes $2.88 Million Position in Cboe Global Markets, Inc. $CBOE

Virtu Financial LLC purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,487 shares of the company’s stock, valued at approximately $2,883,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Sound Income Strategies LLC boosted its holdings in Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets in the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $33,000. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the second quarter worth $31,000. Finally, DV Equities LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $37,000. 81.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Cboe Global Markets Trading Down 2.2%

Shares of BATS CBOE opened at $249.10 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $315.58 and a two-hundred day simple moving average of $287.49. The firm has a market cap of $26.42 billion, a PE ratio of 128.40 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $223.54 and a twelve month high of $371.18.

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, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the prior year, the business earned $2.50 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $322.60.

About Cboe Global Markets

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.