Sei Investments Co. Buys 4,640 Shares of Cboe Global Markets, Inc. $CBOE

Sei Investments Co. increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,859 shares of the company’s stock after acquiring an additional 4,640 shares during the period. Sei Investments Co.’s holdings in Cboe Global Markets were worth $19,632,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cboe Global Markets during the fourth quarter worth about $26,000. NFSG Corp acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC bought a new stake in Cboe Global Markets in the 4th quarter valued at approximately $33,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Piper Sandler decreased their target price 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. TD Cowen lifted their price target on shares of Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Finally, Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $300.73.

Cboe Global Markets Stock Up 3.5%

BATS:CBOE opened at $307.81 on Thursday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 158.67 and a beta of 0.61. 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 stock’s 50 day moving average price is $282.07 and its two-hundred day moving average price is $290.12.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period last year, the business earned $2.50 earnings per share. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

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.