Sequoia Financial Advisors LLC Takes Position in Cboe Global Markets, Inc. (BATS:CBOE)

Sequoia Financial Advisors LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,371 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC boosted its stake in shares of Cboe Global Markets by 12.7% in the 3rd quarter. Metis Global Partners LLC now owns 5,239 shares of the company’s stock valued at $818,000 after buying an additional 592 shares during the period. Exencial Wealth Advisors LLC lifted its stake in Cboe Global Markets by 17.7% in the third quarter. Exencial Wealth Advisors LLC now owns 3,427 shares of the company’s stock worth $535,000 after acquiring an additional 516 shares during the last quarter. McGuire Investment Group LLC grew its holdings in Cboe Global Markets by 0.9% during the 4th quarter. McGuire Investment Group LLC now owns 94,024 shares of the company’s stock worth $16,789,000 after acquiring an additional 867 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $33,000. Finally, J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of Cboe Global Markets by 82.5% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,051 shares of the company’s stock valued at $4,694,000 after purchasing an additional 13,581 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBOE has been the subject of a number of analyst reports. Rosenblatt Securities boosted their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a research report on Thursday, April 4th. Oppenheimer upped their price target on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, Bank of America increased their price target on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $190.18.

Insider Activity

In related news, EVP Dave Howson sold 5,322 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the sale, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at $3,285,448.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 1.6 %

CBOE stock opened at $180.40 on Friday. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 92.99 and a beta of 0.61. The company has a fifty day moving average price of $184.33 and a 200 day moving average price of $178.23. 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, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, February 2nd. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 million. During the same period in the prior year, the company earned $1.80 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.55 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 annualized dividend and a dividend yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.