HighTower Advisors LLC Acquires 8,011 Shares of Cboe Global Markets, Inc. $CBOE

HighTower Advisors LLC increased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,204 shares of the company’s stock after purchasing an additional 8,011 shares during the quarter. HighTower Advisors LLC’s holdings in Cboe Global Markets were worth $16,366,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Cboe Global Markets by 11.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,451 shares of the company’s stock worth $866,000 after buying an additional 351 shares in the last quarter. Gambit Capital Management LLC bought a new position in Cboe Global Markets in the fourth quarter worth approximately $212,000. Passumpsic Savings Bank bought a new position in Cboe Global Markets in the fourth quarter worth approximately $2,045,000. North Dakota State Investment Board bought a new position in Cboe Global Markets in the fourth quarter worth approximately $902,000. Finally, Elyxium Wealth LLC bought a new position in Cboe Global Markets in the fourth quarter worth approximately $33,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $357.35 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $310.32 and its 200 day moving average price is $281.46. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18. The company has a market cap of $37.90 billion, a price-to-earnings ratio of 184.20 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the prior year, the firm earned $2.50 EPS. The firm’s revenue was up 29.0% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Erste Group Bank initiated coverage on shares of Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Company 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.