Quantitative Investment Management LLC Purchases Shares of 6,742 Cboe Global Markets, Inc. $CBOE

Quantitative Investment Management LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,742 shares of the company’s stock, valued at approximately $1,636,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Emerald Investment Advisers LLC acquired a new position in Cboe Global Markets in the second quarter worth about $3,686,000. Danske Bank A S acquired a new stake in Cboe Global Markets during the second quarter valued at approximately $658,000. Pacer Advisors Inc. boosted its holdings 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 in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $995,000. 81.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group raised their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Loop Capital set a $380.00 price target on Cboe Global Markets in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Finally, Barclays boosted their target price on shares of 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 given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $315.30.

Insider Activity at Cboe Global Markets

In other 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 sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 Price Performance

CBOE opened at $300.20 on Tuesday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50 day simple moving average is $280.29 and its 200-day simple moving average is $294.35. The stock has a market capitalization of $31.84 billion, a P/E ratio of 154.74 and a beta of 0.61.

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 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 firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the company posted $2.46 EPS. Cboe Global Markets’s revenue was up 24.6% on a year-over-year basis. Sell-side 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 company also recently announced 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 is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is 98.97%.

About Cboe Global Markets

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.