Cboe Global Markets, Inc. $CBOE Holdings Lifted by Wedmont Private Capital

Wedmont Private Capital grew its position in Cboe Global Markets, Inc. (BATS:CBOE) by 164.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,201 shares of the company’s stock after purchasing an additional 3,857 shares during the quarter. Wedmont Private Capital’s holdings in Cboe Global Markets were worth $1,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Cboe Global Markets in the second quarter valued at $25,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Cboe Global Markets in the 2nd quarter valued at about $26,000. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $27,000. NFSG Corp purchased a new stake in Cboe Global Markets during the first quarter worth approximately $31,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Cboe Global Markets by 11,300.0% during the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Trading Up 3.4%

BATS:CBOE opened at $304.16 on Friday. The company has a market capitalization of $32.26 billion, a PE ratio of 156.78 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 stock’s 50 day moving average price is $286.65 and its 200 day moving average price is $292.52. 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 (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating 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 for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 earnings per share. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on CBOE. Wells Fargo & Company initiated coverage on Cboe Global Markets in a report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 price target for the company. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays lowered their target price on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday. Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a research report on Wednesday. Finally, Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $258.00 to $358.00 in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $320.45.

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.