First Trust Advisors LP Grows Position in Cboe Global Markets, Inc. $CBOE

First Trust Advisors LP raised its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 215.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,451,743 shares of the company’s stock after acquiring an additional 991,209 shares during the period. First Trust Advisors LP’s holdings in Cboe Global Markets were worth $356,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Cboe Global Markets in the second quarter valued at $324,234,000. Alliancebernstein L.P. lifted its position in Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares during the last quarter. Invesco Ltd. grew its stake in shares of Cboe Global Markets by 27.3% in the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock worth $402,990,000 after buying an additional 370,223 shares in the last quarter. Man Group plc grew its stake in shares of Cboe Global Markets by 106.5% in the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock worth $127,504,000 after buying an additional 281,939 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Cboe Global Markets by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock worth $2,992,793,000 after buying an additional 195,086 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the transaction, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,695 shares of company stock worth $1,628,981 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CBOE shares. Barclays upped their target price on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Piper Sandler boosted their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley upped their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. UBS Group reaffirmed a “neutral” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Loop Capital set a $317.00 target price on Cboe Global Markets in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Trading Up 1.3%

CBOE opened at $301.27 on Friday. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $305.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 1.75 and a beta of 0.33. The stock’s 50 day moving average price is $273.94 and its 200-day moving average price is $255.39.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the company posted $2.10 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets’s dividend payout ratio is currently 27.64%.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.