Norris Financial Group LLC Takes $2.73 Million Position in Cboe Global Markets, Inc. $CBOE

Norris Financial Group LLC purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, Holdings Channel.com reports. The fund purchased 9,732 shares of the company’s stock, valued at approximately $2,735,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the period. Empowered Funds LLC grew its stake in Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares during the period. Woodline Partners LP increased its position in shares of Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after purchasing an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $296.52 on Friday. The firm has a market capitalization of $31.45 billion, a PE ratio of 152.85 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $280.97 and a two-hundred day moving average price of $290.37. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s 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 sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CBOE shares. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Loop Capital set a $288.00 target price on shares of Cboe Global Markets in a research note on Tuesday. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. TD Cowen lifted their price target on shares of Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Finally, Barclays dropped their price objective on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $300.73.

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.