Element Squared LLC Takes $2.21 Million Position in Cboe Global Markets, Inc. $CBOE

Element Squared LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,871 shares of the company’s stock, valued at approximately $2,212,000. Cboe Global Markets accounts for about 1.2% of Element Squared LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Elyxium Wealth LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $33,000. Finally, DV Equities LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen lifted their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Loop Capital set a $263.00 price target on shares of Cboe Global Markets in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley upped their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $310.70.

Cboe Global Markets Trading Up 4.8%

Shares of CBOE stock opened at $242.67 on Wednesday. The company has a market capitalization of $25.74 billion, a P/E ratio of 125.09 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 business’s 50 day moving average is $306.99 and its two-hundred day moving average is $287.12. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping 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 in the prior year, the business earned $2.50 earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were 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 in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

About Cboe Global Markets

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.