Fig Financial Advisory Services Inc. ADV Invests $1.45 Million in Cboe Global Markets, Inc. $CBOE

Fig Financial Advisory Services Inc. ADV bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,964 shares of the company’s stock, valued at approximately $1,447,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $658,000. Wealthfront Advisers LLC bought a new position in Cboe Global Markets in the 2nd quarter worth approximately $9,985,000. Aljian Capital Management LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $268,000. JLB & Associates Inc. purchased a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $1,970,000. Finally, BlackRock Inc. purchased a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $2,474,799,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $290.99 on Wednesday. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 150.00 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The stock’s 50 day simple moving average is $274.88 and its two-hundred day simple moving average is $292.29. 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 (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the company earned $2.46 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CBOE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Barclays lifted their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Three equities 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, the company currently has a consensus rating of “Hold” and an average target price of $315.30.

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.