Sapient Capital LLC Acquires New Holdings in Cboe Global Markets, Inc. $CBOE

Sapient Capital LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, Holdings Channel.com reports. The firm bought 25,563 shares of the company’s stock, valued at approximately $7,037,000.

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

Analyst Ratings Changes

Several analysts have recently weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Morgan Stanley reiterated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. JPMorgan Chase & Co. boosted their target price 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. Piper Sandler decreased their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $311.36.

Cboe Global Markets Trading Up 4.4%

BATS:CBOE traded up $12.51 on Thursday, reaching $294.08. 1,895,389 shares of the stock traded hands, compared to its average volume of 1,124,801. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company’s 50 day moving average is $286.82 and its 200-day moving average is $292.36. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of 151.59 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was 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. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.