RB Capital Management LLC Invests $1.23 Million in Cboe Global Markets, Inc. $CBOE

RB Capital Management LLC acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, Holdings Channel reports. The institutional investor acquired 5,063 shares of the company’s stock, valued at approximately $1,229,000.

Other institutional investors have also made changes to their positions in the company. Emerald Investment Advisers LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at approximately $3,686,000. Danske Bank A S purchased a new stake in Cboe Global Markets during the second quarter valued at $658,000. Pacer Advisors Inc. lifted its position in Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Cboe Global Markets in the 1st quarter worth $3,831,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $995,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

CBOE stock opened at $310.45 on Friday. The stock has a market cap of $32.93 billion, a PE ratio of 160.03 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a 50-day moving average price of $279.40 and a 200 day moving average price of $294.07. 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 posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $716.61 million. During the same period in the prior year, the company posted $2.46 EPS. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is 98.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. 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. Finally, Loop Capital set a $380.00 target price on Cboe Global Markets in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $315.30.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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.