Empowered Funds LLC Buys Shares of 21,431 Cboe Global Markets, Inc. $CBOE

Empowered Funds LLC bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, HoldingsChannel.com reports. The fund bought 21,431 shares of the company’s stock, valued at approximately $5,201,000.

Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after buying an additional 33 shares during the period. SHUTTLEWORTH & Co boosted its holdings in Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after acquiring an additional 41 shares during the period. Arkadios Wealth Advisors grew its position in Cboe Global Markets by 4.7% in the 1st quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after acquiring an additional 41 shares during the last quarter. Centaurus Financial Inc. grew its position in Cboe Global Markets by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock valued at $1,138,000 after acquiring an additional 42 shares during the last quarter. Finally, Norinchukin Bank The grew its position in Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 3.3%

Shares of BATS:CBOE opened at $300.20 on Tuesday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The stock has a market cap of $31.84 billion, a P/E ratio of 154.74 and a beta of 0.61. The business’s 50 day moving average is $280.29 and its 200 day moving average is $294.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the prior year, the business earned $2.46 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.86 dividend. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBOE shares. Barclays lifted their target price on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Piper Sandler reduced their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $315.30.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

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.