Kendall Capital Management Makes New Investment in Cboe Global Markets, Inc. $CBOE

Kendall Capital Management acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, Holdings Channel reports. The fund acquired 8,852 shares of the company’s stock, valued at approximately $2,148,000.

Several other institutional investors have also made changes to their positions in CBOE. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. acquired a new position in Cboe Global Markets in the 2nd quarter worth approximately $26,000. NFSG Corp acquired a new position in Cboe Global Markets in the 1st quarter worth approximately $31,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the 2nd quarter worth approximately $27,000. Finally, Western Wealth Management LLC purchased a new position in Cboe Global Markets during the 1st quarter worth approximately $36,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. TD Cowen raised their target price on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research note on Monday, August 3rd. Finally, Barclays increased their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Three 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, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $315.30.

Cboe Global Markets Price Performance

Shares of CBOE opened at $300.74 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $31.90 billion, a PE ratio of 155.02 and a beta of 0.61. The firm’s 50 day moving average price is $274.55 and its 200 day moving average price is $292.66. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

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. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. This is a positive change 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 related news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

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.