HighTower Advisors LLC Grows Stake in Cboe Global Markets, Inc. $CBOE

HighTower Advisors LLC increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,204 shares of the company’s stock after acquiring an additional 8,011 shares during the period. HighTower Advisors LLC owned approximately 0.06% of Cboe Global Markets worth $16,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Cboe Global Markets by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after acquiring an additional 120,021 shares in the last quarter. State Street Corp boosted its position in shares of Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after buying an additional 101,349 shares during the period. Invesco Ltd. boosted its position in shares of Cboe Global Markets by 5.7% during the third quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock valued at $447,852,000 after buying an additional 98,089 shares during the period. First Trust Advisors LP boosted its position in shares of Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after buying an additional 991,209 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Cboe Global Markets by 7.0% during the third quarter. Northern Trust Corp now owns 1,410,188 shares of the company’s stock valued at $345,849,000 after buying an additional 91,726 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 1.5%

Shares of BATS CBOE opened at $357.35 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $37.90 billion, a price-to-earnings ratio of 184.20 and a beta of 0.61. The stock has a 50 day moving average price of $310.32 and a 200 day moving average price of $281.46. Cboe Global Markets, Inc. has a 52-week low of $218.14 and a 52-week high of $371.18.

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

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.72 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several recent analyst reports. Erste Group Bank initiated coverage on Cboe Global Markets in a research report on Tuesday, May 12th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Piper Sandler boosted their target price on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Finally, Barclays boosted their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $322.60.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were 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 of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is currently owned by insiders.

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.