Stableford Capital II LLC Acquires 5,374 Shares of Cboe Global Markets, Inc. $CBOE

Stableford Capital II LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,374 shares of the company’s stock, valued at approximately $1,479,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Mn Services Vermogensbeheer B.V. grew its holdings in Cboe Global Markets by 401.0% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 153,008 shares of the company’s stock worth $42,122,000 after acquiring an additional 122,469 shares during the last quarter. Bell Asset Management Ltd acquired a new position in shares of Cboe Global Markets during the third quarter worth approximately $2,483,000. Farther Finance Advisors LLC lifted its position in shares of Cboe Global Markets by 317.6% during the third quarter. Farther Finance Advisors LLC now owns 13,592 shares of the company’s stock worth $3,742,000 after purchasing an additional 10,337 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $7,037,000. Finally, CoreCap Advisors LLC increased its holdings in shares of Cboe Global Markets by 21,350.0% in the third quarter. CoreCap Advisors LLC now owns 429 shares of the company’s stock valued at $118,000 after purchasing an additional 427 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $294.08 on Friday. 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 firm has a market capitalization of $31.19 billion, a P/E ratio of 151.59 and a beta of 0.61. The business has a 50-day moving average of $286.77 and a 200-day moving average of $292.43. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

Several research analysts recently weighed in on CBOE shares. TD Cowen upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $315.00 to $334.00 in a research report on Monday. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Barclays dropped their target price on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday. Piper Sandler cut their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $311.36.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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.