Cboe Global Markets, Inc. $CBOE Stock Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 492.6% during the third quarter, Holdings Channel reports. The institutional investor owned 12,895 shares of the company’s stock after purchasing an additional 10,719 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cboe Global Markets were worth $3,550,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Emerald Investment Advisers LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $3,686,000. Danske Bank A S bought a new stake in Cboe Global Markets in the second quarter valued at approximately $658,000. Pacer Advisors Inc. lifted 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 purchasing an additional 3,119 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in Cboe Global Markets in the first quarter valued at approximately $3,831,000. Finally, Integrated Wealth Concepts LLC lifted its position 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 purchasing an additional 6,598 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $318.82 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $289.61 and a 200-day moving average of $294.06. The firm has a market cap of $33.81 billion, a P/E ratio of 164.34 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.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) 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 company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period last year, the firm earned $2.46 earnings per share. Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend 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 that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a 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. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBOE. Barclays dropped their price objective on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. The Goldman Sachs Group raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Piper Sandler dropped their price target 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $321.91.

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.