Jupiter Topco LLC Acquires New Position in Cboe Global Markets, Inc. $CBOE

Jupiter Topco LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,256,527 shares of the company’s stock, valued at approximately $304,917,000. Jupiter Topco LLC owned 1.18% of Cboe Global Markets at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Emerald Investment Advisers LLC bought a new position in Cboe Global Markets in the second quarter worth approximately $3,686,000. Danske Bank A S purchased a new stake in Cboe Global Markets during the second quarter worth $658,000. Pacer Advisors Inc. boosted its position in Cboe Global Markets by 36.6% during the 4th 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 bought a new stake in Cboe Global Markets during the 1st quarter valued at $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $995,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

BATS:CBOE opened at $308.82 on Wednesday. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The stock has a 50 day moving average of $275.73 and a two-hundred day moving average of $293.41. 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 firm has a market cap of $32.75 billion, a P/E ratio of 159.19 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its 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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the prior year, the business earned $2.46 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts expect 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 will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 937 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CBOE. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research note on Monday, August 3rd. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Morgan Stanley reissued an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their price target 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. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $315.30.

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.