Cboe Global Markets, Inc. $CBOE Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 492.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,895 shares of the company’s stock after purchasing an additional 10,719 shares during the period. Quadrant Capital Group LLC’s holdings in Cboe Global Markets were worth $3,550,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in Cboe Global Markets during the second quarter valued at approximately $25,000. Keating Financial Advisory Services Inc. bought a new position in shares of Cboe Global Markets in the 2nd quarter worth $26,000. NFSG Corp bought a new position in shares of Cboe Global Markets in the 1st quarter worth $31,000. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth $27,000. Finally, Rosenberg Matthew Hamilton raised its position in shares of Cboe Global Markets by 11,300.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $318.82 on Thursday. The business has a 50 day moving average of $289.61 and a 200 day moving average of $294.06. The company has a market capitalization of $33.81 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued 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 business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same quarter in the prior year, the firm earned $2.46 earnings per share. Cboe Global Markets’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal 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 paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend 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 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 analysts have recently issued reports on CBOE shares. Piper Sandler dropped their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. TD Cowen upped their target price on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. increased their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Loop Capital set a $343.00 target price on Cboe Global Markets in a research note on Wednesday, October 7th. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $321.91.

Cboe Global Markets 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.