Cboe Global Markets, Inc. $CBOE Stock Purchased by Central Bank & Trust Co.

Central Bank & Trust Co. boosted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 578.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,510 shares of the company’s stock after purchasing an additional 10,666 shares during the quarter. Central Bank & Trust Co.’s holdings in Cboe Global Markets were worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth $2,474,799,000. Deutsche Bank AG acquired a new position in shares of Cboe Global Markets in the second quarter worth about $491,465,000. Jupiter Topco LLC acquired a new position in Cboe Global Markets during the second quarter worth $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Cboe Global Markets by 10.1% in the first quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after purchasing an additional 68,742 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

CBOE stock traded up $9.15 during midday trading on Friday, hitting $303.23. 531,442 shares of the company traded hands, compared to its average volume of 1,121,601. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The business has a 50 day simple moving average of $286.77 and a 200-day simple moving average of $292.43. The stock has a market capitalization of $32.16 billion, a price-to-earnings ratio of 156.66 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 (BATS:CBOE) last released its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating 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 analyst estimates of $716.61 million. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business 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. This represents a $3.44 annualized dividend and a yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 target price on the stock. TD Cowen raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price target for the stock from $315.00 to $334.00 in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. 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. Finally, Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $258.00 to $358.00 in a report on Friday. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $320.45.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing 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.

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.