Wealthfront Advisers LLC Takes $9.98 Million Position in Cboe Global Markets, Inc. $CBOE

Wealthfront Advisers LLC acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,145 shares of the company’s stock, valued at approximately $9,985,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Cboe Global Markets during the second quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $491,465,000. Norges Bank purchased a new stake in shares of Cboe Global Markets in the 4th quarter valued at $354,578,000. Balyasny Asset Management L.P. boosted its stake in shares of Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cboe Global Markets by 2,425.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after purchasing an additional 635,199 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CBOE shares. TD Cowen lifted their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Morgan Stanley restated an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Barclays boosted their target price on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $315.30.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. 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. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 3.5%

BATS:CBOE opened at $280.75 on Thursday. The company has a 50-day moving average price of $274.47 and a 200-day moving average price of $292.40. The stock has a market cap of $29.78 billion, a price-to-earnings ratio of 144.72 and a beta of 0.61. 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, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the company earned $2.46 earnings per share. Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.