Connors Investor Services Inc. Buys New Position in Cboe Global Markets, Inc. $CBOE

Connors Investor Services Inc. bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 2,920 shares of the company’s stock, valued at approximately $733,000.

Other hedge funds have also modified their holdings of the company. Caprock Group LLC purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $4,156,000. Andra AP fonden increased its holdings in Cboe Global Markets by 7.9% during the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares during the last quarter. Nordea Investment Management AB increased its holdings in Cboe Global Markets by 33.5% during the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Cboe Global Markets by 557.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock worth $9,070,000 after purchasing an additional 31,919 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Cboe Global Markets by 12.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the company’s stock worth $8,632,000 after purchasing an additional 3,915 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The SEC filing for this sale provides additional information. 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

CBOE has been the topic of several analyst reports. Barclays lifted their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Loop Capital set a $382.00 price objective on Cboe Global Markets in a report on Monday, May 4th. UBS Group lifted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $322.60.

Cboe Global Markets Price Performance

Shares of CBOE opened at $357.35 on Friday. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 184.20 and a beta of 0.61. The stock has a 50 day moving average of $310.32 and a 200-day moving average of $281.46. 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, Inc. has a 52 week low of $218.14 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. As a group, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.72 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.