UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Cboe Global Markets, Inc. $CBOE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 987,606 shares of the company’s stock after acquiring an additional 51,784 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cboe Global Markets were worth $239,662,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in shares of Cboe Global Markets during the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets in the second quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $26,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $27,000. Finally, NFSG Corp purchased a new position in Cboe Global Markets during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CBOE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Loop Capital set a $380.00 target price on Cboe Global Markets in a research note on Monday, August 3rd. UBS Group upped their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Price Performance

CBOE stock opened at $300.20 on Tuesday. 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 1 year low of $227.15 and a 1 year high of $371.18. The firm has a 50-day moving average of $280.29 and a 200 day moving average of $294.35. The company has a market cap of $31.84 billion, a P/E ratio of 154.74 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating 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 business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the previous year, the firm posted $2.46 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on 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 in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 corporate insiders.

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.