Hennessy Advisors Inc. Purchases Shares of 2,100 Cboe Global Markets, Inc. $CBOE

Hennessy Advisors Inc. purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,100 shares of the company’s stock, valued at approximately $510,000.

A number of other institutional investors have also modified their holdings of CBOE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 buying an additional 51,784 shares during the period. New Mexico Educational Retirement Board boosted its stake in shares of Cboe Global Markets by 8.3% in the second quarter. New Mexico Educational Retirement Board now owns 5,200 shares of the company’s stock worth $1,262,000 after buying an additional 400 shares during the last quarter. Mufg Securities Americas Inc. grew its holdings in Cboe Global Markets by 8.8% during the second quarter. Mufg Securities Americas Inc. now owns 3,152 shares of the company’s stock worth $765,000 after acquiring an additional 256 shares during the period. Nissay Asset Management Corp Japan grew its holdings in Cboe Global Markets by 4.9% during the second quarter. Nissay Asset Management Corp Japan now owns 14,240 shares of the company’s stock worth $3,456,000 after acquiring an additional 662 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Cboe Global Markets by 23.7% during the second quarter. Wellington Management Group LLP now owns 1,845 shares of the company’s stock worth $448,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $310.45 on Monday. The stock has a 50 day moving average price of $279.40 and a 200 day moving average price of $294.17. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $32.93 billion, a price-to-earnings ratio of 160.03 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $2.46 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value 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. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.

Analysts Set New Price Targets

A number of research analysts have issued reports on CBOE shares. Loop Capital set a $380.00 price target on Cboe Global Markets in a report on Monday, August 3rd. UBS Group raised their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Finally, TD Cowen increased their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $315.30.

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.