Csenge Advisory Group Makes New $556,000 Investment in Cboe Global Markets, Inc. $CBOE

Csenge Advisory Group purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,292 shares of the company’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $85,000. one8zero8 LLC acquired a new position in Cboe Global Markets in the 2nd quarter valued at $842,000. West Family Investments Inc. bought a new position in Cboe Global Markets in the 2nd quarter worth $376,000. Bantamac Capital LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $17,203,000. Finally, NewEdge Wealth LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $631,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 company insiders.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Piper Sandler dropped their price objective 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $294.11 on Friday. 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, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The firm has a fifty day moving average price of $274.44 and a two-hundred day moving average price of $292.60. The company has a market cap of $31.19 billion, a PE ratio of 151.60 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

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

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.