Gouws Capital LLC Increases Stock Holdings in Cboe Global Markets, Inc. $CBOE

Gouws Capital LLC boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,450 shares of the company’s stock after purchasing an additional 4,820 shares during the quarter. Cboe Global Markets accounts for approximately 4.8% of Gouws Capital LLC’s holdings, making the stock its 9th biggest position. Gouws Capital LLC’s holdings in Cboe Global Markets were worth $9,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBOE. BlackRock Inc. bought a new stake in shares of Cboe Global Markets in the second quarter valued at about $2,474,799,000. Deutsche Bank AG acquired a new position in Cboe Global Markets in the 2nd quarter valued at approximately $491,465,000. Jupiter Topco LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $304,917,000. Legal & General Group Plc bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $175,870,000. Finally, Bank of America Corp DE acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $162,794,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of BATS:CBOE traded up $10.05 during trading on Friday, reaching $304.13. The stock had a trading volume of 564,184 shares, compared to its average volume of 1,121,770. The stock has a market capitalization of $32.26 billion, a PE ratio of 156.39 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The business’s 50-day moving average price is $286.77 and its 200 day moving average price is $292.43. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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, beating the consensus estimate of $3.49 by $0.07. The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. As a group, equities analysts predict 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 was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.86 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s 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 completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and upped their target price for the company from $315.00 to $334.00 in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Wells Fargo & Company initiated coverage on shares of Cboe Global Markets in a research report on Friday, October 2nd. They set an “equal weight” rating and a $301.00 target price on the stock. Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their target price for the company from $258.00 to $358.00 in a research note on Friday. Finally, Barclays dropped their price target on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $320.45.

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.