Integrated Wealth Concepts LLC Grows Holdings in Cboe Global Markets, Inc. $CBOE

Integrated Wealth Concepts LLC lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 316.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,681 shares of the company’s stock after acquiring an additional 6,598 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cboe Global Markets were worth $2,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CBOE. California State Teachers Retirement System raised its holdings in shares of Cboe Global Markets by 24,398.6% in the 2nd quarter. California State Teachers Retirement System now owns 43,712,632 shares of the company’s stock valued at $10,607,744,000 after buying an additional 43,534,203 shares during the period. BlackRock Inc. acquired a new position in Cboe Global Markets during the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $491,465,000. Norges Bank purchased a new position in Cboe Global Markets during the 4th quarter valued at about $354,578,000. Finally, Jupiter Topco LLC acquired a new position in Cboe Global Markets in the 2nd quarter valued at about $304,917,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.2%

BATS:CBOE opened at $284.50 on Tuesday. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The firm has a market cap of $30.17 billion, a PE ratio of 146.65 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $289.81 and a 200 day moving average price of $295.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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 return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the prior year, the business earned $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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.86 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a 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. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CBOE. Morgan Stanley reiterated an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Barclays upped their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average 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.