Avantax Advisory Services Inc. Grows Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Avantax Advisory Services Inc. increased its stake in Cboe Global Markets by 42.8%, acquiring an additional 1,213 shares for a total of 4,048 shares worth approximately $916,000.
• Institutional investors own 82.67% of Cboe Global Markets, with significant purchases from other hedge funds, including GAMMA Investing LLC which raised its holdings by 29,094.5%.
• Cboe Global Markets reported an earnings per share (EPS) of $2.46 for the last quarter, exceeding analysts' estimates and showing a 14.3% year-over-year increase in revenue.

Avantax Advisory Services Inc. boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,048 shares of the company's stock after purchasing an additional 1,213 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Cboe Global Markets were worth $916,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisor OS LLC raised its holdings in Cboe Global Markets by 21.7% in the 1st quarter. Advisor OS LLC now owns 2,223 shares of the company's stock valued at $503,000 after acquiring an additional 396 shares during the last quarter. Burney Co. boosted its position in shares of Cboe Global Markets by 0.7% during the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock valued at $1,571,000 after acquiring an additional 51 shares during the last quarter. Wedbush Securities Inc. increased its position in Cboe Global Markets by 8.7% during the first quarter. Wedbush Securities Inc. now owns 2,713 shares of the company's stock worth $614,000 after purchasing an additional 217 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Cboe Global Markets by 82.3% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 103,927 shares of the company's stock valued at $23,961,000 after purchasing an additional 46,909 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Cboe Global Markets by 31.5% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 103,303 shares of the company's stock worth $23,376,000 after buying an additional 24,751 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Price Performance

CBOE stock traded up $3.08 during trading on Monday, reaching $250.87. 974,529 shares of the company were exchanged, compared to its average volume of 878,434. The company has a market cap of $26.27 billion, a P/E ratio of 34.75, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $251.21. The stock's 50 day moving average price is $231.96 and its 200 day moving average price is $220.31.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the company posted $2.15 earnings per share. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. As a group, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.0%. Cboe Global Markets's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research report on Monday, May 5th. Citigroup lifted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $229.50.

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by company insiders.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.