HighTower Advisors LLC Sells 5,585 Shares of Cboe Global Markets, Inc. $CBOE

HighTower Advisors LLC trimmed its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 75,144 shares of the company’s stock after selling 5,585 shares during the period. HighTower Advisors LLC’s holdings in Cboe Global Markets were worth $18,235,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Emerald Investment Advisers LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $3,686,000. Danske Bank A S bought a new position in Cboe Global Markets during the 2nd quarter valued at about $658,000. Pacer Advisors Inc. boosted its position in Cboe Global Markets by 36.6% in the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after buying an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Cboe Global Markets in the first quarter valued at about $3,831,000. Finally, Gator Capital Management LLC bought a new stake in Cboe Global Markets during the fourth quarter worth about $2,380,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of CBOE opened at $293.33 on Wednesday. The stock has a market cap of $31.11 billion, a P/E ratio of 151.20 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The stock’s 50-day moving average price is $286.73 and its two-hundred day moving average price is $295.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a yield of 1.2%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% 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.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBOE. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Piper Sandler dropped their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $315.30.

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.