Spartan Wealth Advisory Services LLC Makes New $2.89 Million Investment in Cboe Global Markets, Inc. $CBOE

Spartan Wealth Advisory Services LLC purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,295 shares of the company’s stock, valued at approximately $2,893,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Assetmark Inc. lifted its position in shares of Cboe Global Markets by 209.0% in the first quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $192,000 after purchasing an additional 462 shares in the last quarter. Bessemer Group Inc. grew its position in Cboe Global Markets by 49.5% in the first quarter. Bessemer Group Inc. now owns 1,634 shares of the company’s stock valued at $459,000 after purchasing an additional 541 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Cboe Global Markets in the first quarter valued at $30,148,000. Wealthfront Advisers LLC grew its position in Cboe Global Markets by 1.0% in the first quarter. Wealthfront Advisers LLC now owns 40,919 shares of the company’s stock valued at $11,501,000 after purchasing an additional 418 shares in the last quarter. Finally, Twin Capital Management Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at $476,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CBOE. Loop Capital set a $347.00 price target on shares of Cboe Global Markets in a research report on Thursday, July 9th. TD Cowen raised their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays dropped their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $314.00.

Cboe Global Markets Price Performance

Shares of CBOE opened at $273.41 on Friday. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 140.93 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company’s fifty day simple moving average is $293.80 and its 200 day simple moving average is $287.97. The company has a current ratio of 1.21, a quick 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, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.50 earnings per share. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.