Cboe Global Markets, Inc. $CBOE Stock Acquired by Central Bank & Trust Co.

Central Bank & Trust Co. grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 578.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,510 shares of the company’s stock after acquiring an additional 10,666 shares during the quarter. Central Bank & Trust Co.’s holdings in Cboe Global Markets were worth $3,444,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets in the second quarter worth $2,474,799,000. Deutsche Bank AG bought a new position in Cboe Global Markets in the 2nd quarter worth $491,465,000. Jupiter Topco LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after buying an additional 51,784 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Cboe Global Markets by 10.1% in the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after purchasing an additional 68,742 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CBOE. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Piper Sandler lowered their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Barclays cut their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company initiated coverage on Cboe Global Markets in a research report on Friday, October 2nd. They set an “equal weight” rating and a $301.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $320.45.

Insider Activity at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the business’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 sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Price Performance

CBOE stock traded up $9.15 during trading on Friday, hitting $303.23. The stock had a trading volume of 531,442 shares, compared to its average volume of 1,121,601. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average price is $286.77 and its two-hundred day moving average price is $292.43. The stock has a market capitalization of $32.16 billion, a P/E ratio of 156.66 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly 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 net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same period last year, the firm posted $2.46 earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s payout ratio is 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.