Quantitative Investment Management LLC Acquires New Shares in Cboe Global Markets, Inc. $CBOE

Quantitative Investment Management LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,742 shares of the company’s stock, valued at approximately $1,636,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cboe Global Markets in the fourth quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in Cboe Global Markets in the second quarter worth approximately $27,000. Finally, NFSG Corp bought a new position in Cboe Global Markets during the first quarter valued at approximately $31,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CBOE shares. Piper Sandler reduced their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. JPMorgan Chase & Co. increased their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average target price of $315.30.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $300.20 on Tuesday. The business has a 50 day moving average price of $280.29 and a 200 day moving average price of $294.35. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a market cap of $31.84 billion, a price-to-earnings ratio of 154.74 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.

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 company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the prior year, the business earned $2.46 earnings per share. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

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

Insider Activity at Cboe Global Markets

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. Corporate insiders own 0.51% of the company’s stock.

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.