Evolve Private Wealth LLC Purchases New Stake in Cboe Global Markets, Inc. $CBOE

Evolve Private Wealth LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, HoldingsChannel reports. The institutional investor bought 1,687 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Emerald Investment Advisers LLC bought a new stake in Cboe Global Markets in the 2nd quarter valued at $3,686,000. Danske Bank A S bought a new position in Cboe Global Markets during the 2nd quarter worth $658,000. Pacer Advisors Inc. increased its position in Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth $3,831,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $995,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $308.82 on Wednesday. The stock has a fifty day moving average price of $275.73 and a 200-day moving average price of $293.41. The company has a market cap of $32.75 billion, a price-to-earnings ratio of 159.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the prior year, the firm posted $2.46 EPS. Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed 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 is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. 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 transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CBOE. UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Piper Sandler decreased their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets 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.