Envestnet Asset Management Inc. raised its stake in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 12.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,312 shares of the company’s stock after acquiring an additional 7,095 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Cboe Global Markets worth $8,633,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Acrisure Capital Management LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $284,000. Federated Hermes Inc. increased its stake in Cboe Global Markets by 4.0% during the first quarter. Federated Hermes Inc. now owns 65,561 shares of the company’s stock worth $8,801,000 after acquiring an additional 2,495 shares during the last quarter. Moors & Cabot Inc. increased its stake in Cboe Global Markets by 13.9% during the fourth quarter. Moors & Cabot Inc. now owns 3,030 shares of the company’s stock worth $380,000 after acquiring an additional 370 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Cboe Global Markets by 3.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,950 shares of the company’s stock worth $11,001,000 after acquiring an additional 2,756 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Cboe Global Markets by 6.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 39,138 shares of the company’s stock worth $4,911,000 after acquiring an additional 2,200 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. StockNews.com assumed coverage on Cboe Global Markets in a research note on Thursday, May 18th. They set a “hold” rating for the company. Argus boosted their price target on Cboe Global Markets from $148.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Oppenheimer increased their price objective on shares of Cboe Global Markets from $161.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Barclays boosted their target price on shares of Cboe Global Markets from $146.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Rosenblatt Securities raised their price target on shares of Cboe Global Markets from $171.00 to $172.00 and gave the company a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $147.00.
Cboe Global Markets Stock Up 0.7 %
Shares of Cboe Global Markets stock opened at $150.00 on Thursday. 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 firm has a market cap of $15.91 billion, a P/E ratio of 77.32 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The business has a 50-day moving average price of $143.92 and a 200 day moving average price of $139.35.
Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $467.10 million during the quarter, compared to analyst estimates of $469.31 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 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.
Cboe Global Markets Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.55 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.
Insider Activity
In other news, COO Christopher A. Isaacson sold 3,850 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $149.08, for a total transaction of $573,958.00. Following the completion of the transaction, the chief operating officer now directly owns 54,599 shares of the company’s stock, valued at $8,139,618.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John P. Sexton sold 2,999 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $138.00, for a total transaction of $413,862.00. Following the completion of the transaction, the executive vice president now directly owns 16,793 shares in the company, valued at $2,317,434. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Christopher A. Isaacson sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $149.08, for a total value of $573,958.00. Following the transaction, the chief operating officer now owns 54,599 shares of the company’s stock, valued at $8,139,618.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,900 shares of company stock valued at $5,079,642. 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.
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