5,063 Shares in Cboe Global Markets, Inc. $CBOE Acquired by RB Capital Management LLC

RB Capital Management LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,063 shares of the company’s stock, valued at approximately $1,229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $491,465,000. Norges Bank purchased a new stake in Cboe Global Markets during the fourth quarter worth $354,578,000. Jupiter Topco LLC purchased a new stake in Cboe Global Markets during the second quarter worth $304,917,000. Finally, Legal & General Group Plc acquired a new stake in Cboe Global Markets during the second quarter valued at $175,870,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 1.1%

CBOE stock opened at $310.45 on Friday. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The business’s 50-day moving average is $279.40 and its 200 day moving average is $294.07. 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 stock has a market cap of $32.93 billion, a price-to-earnings ratio of 160.03 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results 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 analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’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 EPS. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of 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 position. The sale was disclosed in a legal 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 owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. TD Cowen lifted their price target on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. UBS Group upped their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $315.30.

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.