Chicago Partners Investment Group LLC Takes $2.17 Million Position in Cboe Global Markets, Inc. $CBOE

Chicago Partners Investment Group LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,303 shares of the company’s stock, valued at approximately $2,172,000.

Several other large investors have also made changes to their positions in the company. J. Safra Sarasin Holding AG acquired a new stake in Cboe Global Markets in the first quarter worth about $2,396,000. Applied Finance Capital Management LLC lifted its position in Cboe Global Markets by 9.7% during the 1st quarter. Applied Finance Capital Management LLC now owns 1,636 shares of the company’s stock valued at $460,000 after purchasing an additional 144 shares during the period. Global Assets Advisory LLC bought a new position in shares of Cboe Global Markets in the 1st quarter valued at about $175,000. Diversify Wealth Management LLC boosted its stake in shares of Cboe Global Markets by 143.8% in the 1st quarter. Diversify Wealth Management LLC now owns 2,450 shares of the company’s stock valued at $749,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Cboe Global Markets by 34.1% in the 1st quarter. Pittenger & Anderson Inc. now owns 6,953 shares of the company’s stock valued at $1,954,000 after purchasing an additional 1,769 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CBOE shares. UBS Group boosted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday. Barclays lowered their target price on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Loop Capital set a $347.00 target price on shares of Cboe Global Markets in a research report on Thursday, July 9th. Finally, Piper Sandler upped their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $314.10.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the 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 directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $274.98 on Wednesday. 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 firm has a market capitalization of $29.16 billion, a P/E ratio of 141.74 and a beta of 0.61. The business has a 50-day moving average of $297.90 and a 200-day moving average of $287.76. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year 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 for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period last year, the company posted $2.50 EPS. Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced 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 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets Company 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.