Secure Asset Management LLC Invests $950,000 in Cboe Global Markets, Inc. $CBOE

Secure Asset Management LLC purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,914 shares of the company’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Brighton Jones LLC lifted its holdings in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after buying an additional 100 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of 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 acquiring an additional 3,987 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of 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 acquiring an additional 2,736 shares during the last quarter. Woodline Partners LP raised 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 acquiring an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position 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 valued at $77,000 after acquiring an additional 198 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading Up 2.5%

Shares of BATS CBOE opened at $307.62 on Wednesday. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The company has a market cap of $32.63 billion, a price-to-earnings ratio of 158.57 and a beta of 0.61. 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’s 50 day simple moving average is $281.29 and its 200 day simple moving average is $294.62.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the business earned $2.46 EPS. The firm’s revenue was up 24.6% on a year-over-year basis. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of research reports. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD Cowen increased their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Piper Sandler reduced their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $315.30.

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.