Cboe Global Markets, Inc. $CBOE Stake Lifted by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 118.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,183 shares of the company’s stock after purchasing an additional 8,783 shares during the period. Frank Rimerman Advisors LLC’s holdings in Cboe Global Markets were worth $4,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBOE. Oregon Public Employees Retirement Fund increased its holdings in Cboe Global Markets by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Cboe Global Markets by 4.7% during the 1st quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after buying an additional 41 shares during the last quarter. Centaurus Financial Inc. boosted its stake in shares of Cboe Global Markets by 1.0% during the 1st quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock valued at $1,138,000 after buying an additional 42 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of Cboe Global Markets by 19.6% during the 1st quarter. Root Financial Partners LLC now owns 281 shares of the company’s stock valued at $79,000 after buying an additional 46 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of Cboe Global Markets by 0.7% during the 1st quarter. Kestra Advisory Services LLC now owns 8,585 shares of the company’s stock valued at $2,413,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $314.98 on Friday. The firm has a market cap of $33.41 billion, a price-to-earnings ratio of 162.36 and a beta of 0.61. The stock has a 50 day moving average of $287.98 and a 200-day moving average of $293.35. 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, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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. The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets 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 completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped 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. Piper Sandler reduced their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their target price for the company from $258.00 to $358.00 in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $321.91.

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.