Cboe Global Markets, Inc. $CBOE Position Boosted by Mystic Asset Management Inc.

Mystic Asset Management Inc. boosted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 496.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,998 shares of the company’s stock after purchasing an additional 6,658 shares during the period. Mystic Asset Management Inc.’s holdings in Cboe Global Markets were worth $2,202,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in Cboe Global Markets by 378.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 49,043 shares of the company’s stock worth $13,501,000 after acquiring an additional 38,788 shares during the last quarter. Nvwm LLC bought a new stake in Cboe Global Markets in the third quarter valued at approximately $38,000. Mather Group LLC. lifted its position in Cboe Global Markets by 110.2% in the third quarter. Mather Group LLC. now owns 2,573 shares of the company’s stock valued at $708,000 after purchasing an additional 1,349 shares during the last quarter. First Pacific Financial grew its holdings in shares of Cboe Global Markets by 193.3% in the third quarter. First Pacific Financial now owns 132 shares of the company’s stock worth $36,000 after purchasing an additional 87 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of Cboe Global Markets by 850.6% in the third quarter. Fortitude Family Office LLC now owns 827 shares of the company’s stock worth $228,000 after purchasing an additional 740 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBOE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Barclays dropped their price target on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, TD Cowen raised their price target on Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $321.91.

Cboe Global Markets Stock Up 1.9%

Cboe Global Markets stock traded up $5.85 during trading hours on Thursday, hitting $306.32. The stock had a trading volume of 521,538 shares, compared to its average volume of 1,126,274. The stock’s 50-day moving average price is $287.03 and its 200-day moving average price is $292.95. The stock has a market capitalization of $32.49 billion, a P/E ratio of 158.24 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 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 posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 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 net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.86 dividend. 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. This represents a $3.44 annualized dividend and a yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.