Empowered Funds LLC Has $13.12 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Empowered Funds LLC boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 385.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,661 shares of the company’s stock after purchasing an additional 37,052 shares during the period. Empowered Funds LLC’s holdings in Cboe Global Markets were worth $13,115,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CBOE. Sound Income Strategies LLC increased its position in shares of 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 purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $26,000. NFSG Corp bought a new position in shares of Cboe Global Markets in the first quarter valued at $31,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at $33,000. Finally, Headlands Technologies LLC acquired a new position in Cboe Global Markets during the second quarter worth $31,000. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. TD Cowen boosted their price objective on shares of Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. UBS Group upped their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Barclays reduced their price target on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $300.73.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $307.81 on Thursday. The firm has a market capitalization of $32.65 billion, a PE ratio of 158.67 and a beta of 0.61. The company’s 50-day moving average is $282.07 and its 200-day moving average is $290.12. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the firm posted $2.50 EPS. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 0.9%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.