Cboe Global Markets, Inc. $CBOE Holdings Boosted by Mystic Asset Management Inc.

Mystic Asset Management Inc. grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 496.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,998 shares of the company’s stock after acquiring an additional 6,658 shares during the quarter. Mystic Asset Management Inc.’s holdings in Cboe Global Markets were worth $2,202,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Emerald Investment Advisers LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth $3,686,000. Danske Bank A S purchased a new stake in Cboe Global Markets during the second quarter valued at $658,000. Pacer Advisors Inc. increased its position in Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after acquiring an additional 3,119 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Cboe Global Markets during the first quarter valued at $3,831,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in Cboe Global Markets by 316.8% in the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock valued at $2,107,000 after acquiring an additional 6,598 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of CBOE stock traded up $5.85 on Thursday, hitting $306.32. 521,538 shares of the stock traded hands, compared to its average volume of 1,126,274. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 158.24 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The firm has a 50 day simple moving average of $287.03 and a two-hundred day simple moving average of $292.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the company earned $2.46 EPS. Cboe Global Markets’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share 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. Investors of record on Monday, August 31st were paid a dividend of $0.86 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBOE shares. The Goldman Sachs Group raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday. TD Cowen upped their price objective on Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research note on Monday. Barclays decreased their target price on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. raised their target price on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $321.91.

Insider Buying and Selling

In other news, Director Janet Froetscher sold 937 shares of the business’s 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 transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

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. 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.