Investment Research Partners LLC Purchases New Stake in Cboe Global Markets, Inc. $CBOE

Investment Research Partners LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,740 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds also recently added to or reduced their stakes in CBOE. Vanguard Group Inc. raised its stake in shares of Cboe Global Markets by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after purchasing an additional 195,086 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after purchasing an additional 390,034 shares during the last quarter. State Street Corp grew its stake in Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after purchasing an additional 101,349 shares in the last quarter. Invesco Ltd. grew its stake in Cboe Global Markets by 5.7% in the third quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock worth $447,852,000 after purchasing an additional 98,089 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after buying an additional 991,209 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 2.0%

Cboe Global Markets stock opened at $286.97 on Thursday. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $305.68. The stock has a market cap of $30.44 billion, a price-to-earnings ratio of 147.92 and a beta of 0.61. The company’s 50-day moving average price is $280.01 and its two-hundred day moving average price is $258.04. 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 issued its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $671.10 million during the quarter, compared to analyst estimates of $659.59 million. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Activity

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the sale, the director owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 5,695 shares of company stock worth $1,628,981. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the topic of several research reports. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler raised their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Argus raised shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Morgan Stanley boosted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $279.00.

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.