7,643 Shares in Cboe Global Markets, Inc. $CBOE Purchased by Commerce Bank

Commerce Bank acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,643 shares of the company’s stock, valued at approximately $1,855,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new position in Cboe Global Markets in the 2nd quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets during the second quarter valued at approximately $27,000. NFSG Corp bought a new stake in shares of Cboe Global Markets during the first quarter valued at approximately $31,000. Finally, Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth approximately $31,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

CBOE opened at $308.82 on Wednesday. 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 firm has a market cap of $32.75 billion, a PE ratio of 159.19 and a beta of 0.61. The business has a fifty day simple moving average of $275.73 and a 200-day simple moving average of $293.41. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data 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 return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the previous year, the company earned $2.46 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.86 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Analysts Forecast Growth

A number of brokerages recently issued reports on CBOE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Barclays boosted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $315.30.

About Cboe Global Markets

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.