United Capital Financial Advisors LLC Purchases Shares of 3,567 Cboe Global Markets, Inc. $CBOE

United Capital Financial Advisors LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,567 shares of the company’s stock, valued at approximately $866,000.

Several other large investors have also modified their holdings of CBOE. BlackRock Inc. acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth $2,474,799,000. State Street Corp lifted its holdings in shares of Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cboe Global Markets by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after purchasing an additional 65,108 shares during the period. Morgan Stanley increased its stake in Cboe Global Markets by 6.1% in the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after purchasing an additional 155,333 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Cboe Global Markets in the 2nd quarter worth about $491,465,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

CBOE stock opened at $310.45 on Monday. The firm has a 50 day simple moving average of $279.40 and a 200 day simple moving average of $294.17. 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 $32.93 billion, a P/E ratio of 160.03 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 released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business 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 $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Activity

In related news, Director Janet P. Froetscher sold 937 shares of the 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 sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. 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. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CBOE. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Piper Sandler decreased their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $315.30.

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.