Cboe Global Markets, Inc. $CBOE Shares Purchased by Secure Asset Management LLC

Secure Asset Management LLC boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 143.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,510 shares of the company’s stock after acquiring an additional 5,596 shares during the quarter. Secure Asset Management LLC’s holdings in Cboe Global Markets were worth $2,618,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBOE. IFP Advisors Inc grew its stake in shares of Cboe Global Markets by 258.4% during the 3rd quarter. IFP Advisors Inc now owns 2,828 shares of the company’s stock worth $779,000 after purchasing an additional 2,039 shares during the period. Frank Rimerman Advisors LLC increased its holdings in shares of Cboe Global Markets by 118.7% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 16,183 shares of the company’s stock valued at $4,455,000 after purchasing an additional 8,783 shares in the last quarter. 1834 Investment Advisors Co. increased its holdings in shares of Cboe Global Markets by 336.7% during the 3rd quarter. 1834 Investment Advisors Co. now owns 13,406 shares of the company’s stock valued at $3,691,000 after purchasing an additional 10,336 shares in the last quarter. Aull & Monroe Investment Management Corp increased its holdings in shares of Cboe Global Markets by 1.2% during the 3rd quarter. Aull & Monroe Investment Management Corp now owns 19,001 shares of the company’s stock valued at $5,231,000 after purchasing an additional 227 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. lifted its stake in shares of Cboe Global Markets by 37.5% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 931 shares of the company’s stock valued at $256,000 after purchasing an additional 254 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBOE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Wells Fargo & Company lifted 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 report on Wednesday, October 14th. Finally, Piper Sandler decreased 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 report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $321.91.

Cboe Global Markets Trading Down 2.7%

Shares of CBOE opened at $306.47 on Tuesday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. 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’s fifty day moving average is $288.41 and its two-hundred day moving average is $293.61. The stock has a market cap of $32.50 billion, a PE ratio of 157.98 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 earnings per share. Research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.86 per share. The ex-dividend date was Monday, August 31st. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insiders Place Their Bets

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 transaction of $261,376.15. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.