Chicago Partners Investment Group LLC Makes New $2.17 Million Investment in Cboe Global Markets, Inc. $CBOE

Chicago Partners Investment Group LLC purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, HoldingsChannel.com reports. The fund purchased 7,303 shares of the company’s stock, valued at approximately $2,172,000.

Several other institutional investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund raised its holdings in Cboe Global Markets by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after buying an additional 33 shares during the period. Kendall Capital Management boosted its holdings in shares of Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after buying an additional 40 shares during the period. SHUTTLEWORTH & Co boosted its holdings in shares of Cboe Global Markets by 0.5% in the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after buying an additional 41 shares during the period. Norinchukin Bank The boosted its holdings in shares of Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after buying an additional 42 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Cboe Global Markets by 4.5% during the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $274.98 on Wednesday. The stock has a market capitalization of $29.16 billion, a price-to-earnings ratio of 141.74 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The firm has a fifty day simple moving average of $297.90 and a 200 day simple moving average of $287.76. 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 issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period in the previous year, the business earned $2.50 EPS. The company’s revenue was up 29.0% compared to the same quarter last year. Research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CBOE shares. Piper Sandler raised their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Loop Capital set a $347.00 target price on shares of Cboe Global Markets in a research note on Thursday, July 9th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Barclays reduced their price objective on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a report on Friday. Four 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $314.10.

Insider Activity

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.

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.