Ameritas Advisory Services LLC Increases Stake in Cboe Global Markets, Inc. $CBOE

Ameritas Advisory Services LLC increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2,687.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,038 shares of the company’s stock after purchasing an additional 2,929 shares during the period. Ameritas Advisory Services LLC’s holdings in Cboe Global Markets were worth $763,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its position in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Headlands Technologies LLC bought a new stake in Cboe Global Markets during the second quarter valued at about $31,000. Ameriflex Group Inc. boosted its position in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Cboe Global Markets during the third quarter valued at about $45,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.2%

Cboe Global Markets stock opened at $363.02 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. Cboe Global Markets, Inc. has a 52 week low of $217.85 and a 52 week high of $367.91. The company has a market capitalization of $38.50 billion, a price-to-earnings ratio of 187.12 and a beta of 0.61. The stock has a 50-day moving average price of $303.68 and a 200 day moving average price of $277.22.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. The company’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s payout ratio is 98.97%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Erste Group Bank assumed coverage on Cboe Global Markets in a research report on Tuesday. They set a “buy” rating on the stock. Morgan Stanley raised their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $322.60.

Insider Buying and Selling

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

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.