Sapient Capital LLC Makes New $7.04 Million Investment in Cboe Global Markets, Inc. $CBOE

Sapient Capital LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,563 shares of the company’s stock, valued at approximately $7,037,000.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Cboe Global Markets during the second quarter worth about $2,474,799,000. Deutsche Bank AG bought a new stake in Cboe Global Markets in the second quarter valued at approximately $491,465,000. Jupiter Topco LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cboe Global Markets by 5.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after buying an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Cboe Global Markets by 10.1% in the first quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after buying an additional 68,742 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CBOE shares. JPMorgan Chase & Co. upped their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Piper Sandler dropped 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 note on Wednesday, July 15th. Barclays cut their price objective on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company initiated coverage on Cboe Global Markets in a research report on Friday, October 2nd. They set an “equal weight” rating and a $301.00 price target on the stock. Finally, TD Cowen raised Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price objective for the company from $315.00 to $334.00 in a report on Monday. Four equities 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 stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $311.36.

Cboe Global Markets Price Performance

Shares of BATS:CBOE traded up $12.51 during midday trading on Thursday, hitting $294.08. The stock had a trading volume of 1,895,389 shares, compared to its average volume of 1,124,801. The company’s 50-day moving average price is $286.82 and its 200-day moving average price is $292.36. The company has a market capitalization of $31.19 billion, a P/E ratio of 151.59 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $716.61 million. During the same quarter last year, the business posted $2.46 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal 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 paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Activity at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.