Global Retirement Partners LLC Invests $4.63 Million in Cboe Global Markets, Inc. $CBOE

Global Retirement Partners LLC purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,066 shares of the company’s stock, valued at approximately $4,627,000.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of 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 acquiring an additional 3,119 shares in the last quarter. Brindle & Bay Financial Advisors LLC acquired a new stake in Cboe Global Markets in the 4th quarter worth about $735,000. Bleakley Financial Group LLC acquired a new stake in Cboe Global Markets in the 1st quarter worth about $3,831,000. Fideuram Asset Management Ireland dac acquired a new stake in Cboe Global Markets in the 4th quarter worth about $995,000. Finally, Gator Capital Management LLC bought a new stake in Cboe Global Markets in the 4th quarter valued at about $2,380,000. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of analyst reports. Morgan Stanley restated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted 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. Barclays boosted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Piper Sandler reduced their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Three 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. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $296.14 on Monday. The business has a fifty day simple moving average of $274.58 and a 200 day simple moving average of $291.92. The company has a market cap of $31.41 billion, a P/E ratio of 152.65 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. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

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, beating analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 earnings per share. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

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.