Centaurus Financial Inc. Takes $974,000 Position in Cboe Global Markets, Inc. $CBOE

Centaurus Financial Inc. purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,012 shares of the company’s stock, valued at approximately $974,000.

A number of other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in Cboe Global Markets during the second quarter valued at $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets in the second quarter valued at $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at $26,000. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $27,000. Finally, NFSG Corp purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at $31,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $310.45 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. 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 $32.93 billion, a PE ratio of 160.03 and a beta of 0.61. The stock has a fifty day moving average of $279.40 and a 200-day moving average of $294.07.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the prior year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. 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. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen increased their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Piper Sandler reduced their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $315.30.

Insider Activity

In other news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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.

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.