Commerce Bank Takes $1.85 Million Position in Cboe Global Markets, Inc. $CBOE

Commerce Bank purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, Holdings Channel reports. The fund purchased 7,643 shares of the company’s stock, valued at approximately $1,855,000.

Several other hedge funds have also recently bought and sold shares of the business. Emerald Investment Advisers LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $3,686,000. Danske Bank A S purchased a new stake in shares of Cboe Global Markets in the second quarter worth approximately $658,000. Pacer Advisors Inc. lifted its position in shares of Cboe Global Markets by 36.6% in the fourth 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 in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $995,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.2%

Shares of BATS CBOE opened at $308.82 on Wednesday. The business has a 50 day simple moving average of $275.73 and a 200 day simple moving average of $293.41. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The stock has a market cap of $32.75 billion, a price-to-earnings ratio of 159.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 earnings per share. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid 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 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBOE. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Loop Capital set a $380.00 price target on shares of Cboe Global Markets in a report on Monday, August 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Finally, Barclays increased their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Three equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $315.30.

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.