Jefferies Financial Group Inc. Takes $585,000 Position in Cboe Global Markets, Inc. $CBOE

Jefferies Financial Group Inc. purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,412 shares of the company’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CBOE. Public Employees Retirement System of Ohio acquired a new stake in Cboe Global Markets in the 2nd quarter valued at about $7,247,000. Transamerica Financial Advisors LLC acquired a new position in Cboe Global Markets during the second quarter worth about $89,000. Corient Private Wealth LP acquired a new position in Cboe Global Markets during the second quarter worth about $4,957,000. Bank of America Corp DE acquired a new position in Cboe Global Markets during the second quarter worth about $162,794,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Cboe Global Markets in the second quarter valued at about $104,155,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of recent research reports. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. UBS Group increased their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Three 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. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $315.30.

Insider Activity

In other news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction 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 sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $300.20 on Tuesday. 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 firm has a market cap of $31.84 billion, a PE ratio of 154.74 and a beta of 0.61. The firm has a 50 day simple moving average of $280.29 and a 200-day simple moving average of $294.35. 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 announced its earnings results 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. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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