Sigma Planning Corp Invests $1.71 Million in Cboe Global Markets, Inc. $CBOE

Sigma Planning Corp purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, HoldingsChannel reports. The institutional investor purchased 6,073 shares of the company’s stock, valued at approximately $1,707,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. Sound Income Strategies LLC boosted its stake 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 purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets during the fourth quarter valued at $33,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets during the second quarter valued at $31,000. Finally, DV Equities LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $37,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction 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 transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a filing 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. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CBOE shares. Morgan Stanley reiterated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Barclays dropped their price target on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Finally, Piper Sandler lowered their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $314.00.

Cboe Global Markets Trading Down 1.6%

Cboe Global Markets stock opened at $273.41 on Friday. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The firm has a market capitalization of $29.00 billion, a price-to-earnings ratio of 140.93 and a beta of 0.61. The firm has a 50 day moving average of $293.80 and a 200 day moving average of $287.97. 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 issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The business 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 company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. As a group, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets 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.