Eley Financial Management Inc Purchases Shares of 3,971 Cboe Global Markets, Inc. $CBOE

Eley Financial Management Inc acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,971 shares of the company’s stock, valued at approximately $1,116,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Cboe Global Markets by 13.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after acquiring an additional 7,012 shares during the period. Pacer Advisors Inc. raised its position in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares during the period. Brindle & Bay Financial Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $735,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Cboe Global Markets by 3.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock worth $113,892,000 after purchasing an additional 15,648 shares during the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $3,831,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $296.52 on Friday. The firm has a 50-day moving average price of $280.97 and a 200 day moving average price of $290.37. The firm has a market capitalization of $31.45 billion, a PE ratio of 152.85 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 52-week low of $227.15 and a 52-week high of $371.18.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated 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 shares of 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. 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, Barclays cut their price objective on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $300.73.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

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.