Secure Asset Management LLC Acquires 5,596 Shares of Cboe Global Markets, Inc. $CBOE

Secure Asset Management LLC grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 143.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,510 shares of the company’s stock after purchasing an additional 5,596 shares during the period. Secure Asset Management LLC’s holdings in Cboe Global Markets were worth $2,618,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Emerald Investment Advisers LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $3,686,000. Danske Bank A S acquired a new position in shares of Cboe Global Markets during the second quarter valued at about $658,000. Pacer Advisors Inc. increased its holdings in shares of Cboe Global Markets by 36.6% during 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. Bleakley Financial Group LLC acquired a new position in shares of Cboe Global Markets during the first quarter valued at about $3,831,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Cboe Global Markets by 316.8% during the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock valued at $2,107,000 after acquiring an additional 6,598 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CBOE. Piper Sandler decreased 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 research report on Wednesday, July 15th. Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a research report on Wednesday, October 7th. JPMorgan Chase & Co. boosted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company raised their price target on shares of Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $321.91.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $306.47 on Tuesday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company’s 50 day moving average is $288.41 and its 200 day moving average is $293.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $32.50 billion, a PE ratio of 157.98 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 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million during 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 EPS. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced 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 is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, August 31st. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction 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 sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

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.