Summit Global Investments Buys 4,104 Shares of Cboe Global Markets, Inc. $CBOE

Summit Global Investments raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 353.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,266 shares of the company’s stock after purchasing an additional 4,104 shares during the period. Summit Global Investments’ holdings in Cboe Global Markets were worth $1,480,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Cboe Global Markets in the 4th quarter valued at about $26,000. NFSG Corp bought a new stake in Cboe Global Markets in the 1st quarter valued at about $31,000. Elyxium Wealth LLC acquired a new position in Cboe Global Markets during the 4th quarter worth approximately $33,000. Finally, Headlands Technologies LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. Barclays cut their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, UBS Group lifted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $303.60.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $278.21 on Tuesday. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The stock has a market cap of $29.51 billion, a price-to-earnings ratio of 143.41 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. The firm’s 50-day simple moving average is $292.36 and its 200 day simple moving average is $288.36.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. 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. Company insiders own 0.51% of the company’s stock.

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.