Gateway Investment Advisers LLC Increases Position in Cboe Global Markets, Inc. $CBOE

Gateway Investment Advisers LLC lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 542.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,354 shares of the company’s stock after acquiring an additional 4,520 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Cboe Global Markets were worth $1,344,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kendall Capital Management increased its position in shares of Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after acquiring an additional 40 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Cboe Global Markets by 4.1% during the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after acquiring an additional 42 shares during the last quarter. Norinchukin Bank The increased its position in shares of Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares during the last quarter. Aprio Wealth Management LLC increased its position in shares of Cboe Global Markets by 3.1% during the third quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock worth $351,000 after acquiring an additional 43 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Cboe Global Markets by 4.5% during the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after acquiring an additional 44 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBOE. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Keefe, Bruyette & Woods lifted their target price 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. Morgan Stanley lifted their target price on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $322.60.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,695 shares of company stock valued at $1,628,981 over the last three months. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Up 2.9%

Shares of Cboe Global Markets stock opened at $348.56 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $36.97 billion, a P/E ratio of 179.67 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $212.75 and a fifty-two week high of $349.39. The business has a 50-day moving average price of $296.54 and a 200 day moving average price of $272.41.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.50 earnings per share. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s payout ratio is currently 98.97%.

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.