Hennessy Advisors Inc. Invests $510,000 in Cboe Global Markets, Inc. $CBOE

Hennessy Advisors Inc. acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,100 shares of the company’s stock, valued at approximately $510,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Cboe Global Markets in the second quarter worth about $2,474,799,000. Deutsche Bank AG bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $491,465,000. Norges Bank purchased a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $354,578,000. Jupiter Topco LLC purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $304,917,000. Finally, Legal & General Group Plc bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $175,870,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $310.45 on Monday. The company has a market cap of $32.93 billion, a price-to-earnings ratio of 160.03 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $279.40 and its 200 day moving average price is $294.17. 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, topping analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 EPS. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Activity at Cboe Global Markets

In related 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 value of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CBOE. TD Cowen increased their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Piper Sandler reduced their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Finally, Loop Capital set a $380.00 price objective on Cboe Global Markets in a research report on Monday, August 3rd. Three research 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. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $315.30.

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.