Bleakley Financial Group LLC Buys Shares of 13,630 Cboe Global Markets, Inc. $CBOE

Bleakley Financial Group LLC purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,630 shares of the company’s stock, valued at approximately $3,831,000.

A number of other hedge funds have also recently modified their holdings of the business. Sound Income Strategies LLC lifted its position in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $33,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth approximately $31,000. Finally, DV Equities LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth approximately $37,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS:CBOE opened at $277.11 on Thursday. The business’s 50-day moving average is $296.52 and its 200 day moving average is $287.91. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a market capitalization of $29.39 billion, a P/E ratio of 142.84 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Piper Sandler dropped their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Loop Capital set a $347.00 price target on Cboe Global Markets in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $314.00.

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.