Connecticut Capital Management Group LLC Makes New Investment in Cboe Global Markets, Inc. $CBOE

Connecticut Capital Management Group LLC bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,101 shares of the company’s stock, valued at approximately $527,000.

Several other large investors have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC increased its position in Cboe Global Markets by 10.1% in the fourth 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 period. Jones Financial Companies Lllp increased its position in Cboe Global Markets by 1,854.4% in the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares during the period. Empowered Funds LLC increased its position in Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after buying an additional 2,736 shares during the period. Woodline Partners LP increased its position in Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after buying an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after buying an additional 198 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CBOE. Morgan Stanley increased their price target on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Loop Capital set a $382.00 price target on Cboe Global Markets in a research note on Monday, May 4th. Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Erste Group Bank began coverage on Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating for the company. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Trading Down 1.9%

Shares of CBOE stock opened at $347.69 on Thursday. The stock has a 50-day simple moving average of $314.08 and a 200 day simple moving average of $283.86. Cboe Global Markets, Inc. has a fifty-two week low of $218.14 and a fifty-two week high of $371.18. The stock has a market capitalization of $36.88 billion, a P/E ratio of 179.22 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 announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter last year, the business posted $2.50 earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 0.8%. 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.