Secure Asset Management LLC Buys New Stake in Cboe Global Markets, Inc. $CBOE

Secure Asset Management LLC bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, Holdings Channel reports. The firm bought 3,914 shares of the company’s stock, valued at approximately $950,000.

A number of other institutional investors also recently added to or reduced their stakes in CBOE. Oregon Public Employees Retirement Fund grew its stake in shares of Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares in the last quarter. SHUTTLEWORTH & Co raised its stake in shares of Cboe Global Markets by 0.5% during the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after purchasing an additional 41 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Cboe Global Markets by 4.7% in the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after purchasing an additional 41 shares during the period. Centaurus Financial Inc. lifted its holdings in Cboe Global Markets by 1.0% in the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after purchasing an additional 42 shares during the period. Finally, Norinchukin Bank The lifted its holdings in Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $307.62 on Wednesday. The business’s 50-day moving average price is $281.29 and its two-hundred day moving average price is $294.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a market capitalization of $32.63 billion, a P/E ratio of 158.57 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping 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 analyst estimates of $716.61 million. During the same quarter in the prior year, the business posted $2.46 EPS. Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.86 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 annualized dividend and a 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 (DPR) is presently 98.97%.

Insider Activity 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 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 of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CBOE. Morgan Stanley reissued an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Loop Capital set a $380.00 price target on shares of Cboe Global Markets in a research note on Monday, August 3rd. Piper Sandler decreased their price objective 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. raised their price objective on shares of 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, TD Cowen upped their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.