Bleakley Financial Group LLC Acquires Shares of 13,630 Cboe Global Markets, Inc. $CBOE

Bleakley Financial Group LLC purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,630 shares of the company’s stock, valued at approximately $3,831,000.

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. Nordea Investment Management AB boosted its stake in shares of Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after purchasing an additional 237,887 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Cboe Global Markets by 13.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock worth $14,686,000 after buying an additional 7,012 shares during the period. Pacer Advisors Inc. raised its position in shares of Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Cboe Global Markets by 37.9% in the fourth quarter. Park Avenue Securities LLC now owns 12,993 shares of the company’s stock valued at $3,261,000 after buying an additional 3,574 shares in the last quarter. Finally, Brindle & Bay Financial Advisors LLC bought a new position in Cboe Global Markets in the 4th quarter valued at about $735,000. Institutional investors own 81.73% of the company’s stock.

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Price Performance

Cboe Global Markets stock opened at $277.11 on Thursday. The stock has a market cap of $29.39 billion, a price-to-earnings ratio of 142.84 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. The business has a 50-day simple moving average of $296.52 and a 200 day simple moving average of $287.91. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CBOE shares. UBS Group boosted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Loop Capital set a $347.00 target price on shares of Cboe Global Markets in a research report on Thursday, July 9th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $314.00.

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.