Callan Family Office LLC Invests $542,000 in Cboe Global Markets, Inc. $CBOE

Callan Family Office LLC purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, HoldingsChannel reports. The firm purchased 2,235 shares of the company’s stock, valued at approximately $542,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG acquired a new stake in Cboe Global Markets during the 2nd quarter worth $491,465,000. Norges Bank bought a new position in Cboe Global Markets during the fourth quarter worth about $354,578,000. Balyasny Asset Management L.P. lifted its holdings in Cboe Global Markets by 1,340.0% during the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after acquiring an additional 697,600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after acquiring an additional 635,199 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. 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. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of research analyst reports. TD Cowen raised their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research report on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Finally, Barclays raised their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $308.82 on Wednesday. The company has a fifty day moving average price of $275.73 and a 200 day moving average price of $293.41. The firm has a market cap of $32.75 billion, a PE ratio of 159.19 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. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly 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. The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 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 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.46 earnings per share. Research analysts predict 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. Shareholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets Company 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.