Cboe Global Markets, Inc. $CBOE Shares Acquired by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 164.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,201 shares of the company’s stock after purchasing an additional 3,857 shares during the quarter. Wedmont Private Capital’s holdings in Cboe Global Markets were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Cboe Global Markets in the second quarter valued at about $2,474,799,000. Deutsche Bank AG acquired a new stake in shares of Cboe Global Markets during the second quarter valued at about $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after acquiring an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Cboe Global Markets by 10.1% in the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after acquiring an additional 68,742 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 3.4%

Shares of CBOE stock opened at $304.16 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $32.26 billion, a P/E ratio of 156.78 and a beta of 0.61. The company has a 50 day moving average price of $286.65 and a 200 day moving average price of $292.52. 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 released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the prior year, the business earned $2.46 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.86 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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

CBOE has been the subject of several research reports. Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a report on Wednesday. Morgan Stanley raised Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $258.00 to $358.00 in a research report on Friday. JPMorgan Chase & Co. upped their price target on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. 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 for the company. Finally, Piper Sandler dropped their price objective on 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. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $320.45.

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.