Varenne Capital Partners Purchases Shares of 106,908 Cboe Global Markets, Inc. $CBOE

Varenne Capital Partners acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, Holdings Channel reports. The fund acquired 106,908 shares of the company’s stock, valued at approximately $25,925,000. Cboe Global Markets makes up about 4.3% of Varenne Capital Partners’ portfolio, making the stock its 10th biggest holding.

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

Wall Street Analysts Forecast Growth

CBOE has been the subject of several research reports. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. TD Cowen increased their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 target price on shares of Cboe Global Markets in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $315.30.

Insider Activity at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction 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 transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Stock Performance

BATS CBOE opened at $298.38 on Monday. 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, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The business’s 50-day moving average price is $284.38 and its 200 day moving average price is $295.12. The firm has a market cap of $31.65 billion, a P/E ratio of 153.80 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 EPS 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 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% compared to the same quarter last year. On average, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.