RBA Wealth Management LLC Invests $5.44 Million in Cboe Global Markets, Inc. (NASDAQ:CBOE)

RBA Wealth Management LLC purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,054 shares of the company's stock, valued at approximately $5,443,000. Cboe Global Markets makes up 2.2% of RBA Wealth Management LLC's holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBOE. NBC Securities Inc. bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. bought a new stake in Cboe Global Markets during the 4th quarter worth approximately $29,000. Greenline Partners LLC acquired a new stake in Cboe Global Markets during the 4th quarter valued at $29,000. Generali Asset Management SPA SGR bought a new position in Cboe Global Markets in the 4th quarter valued at $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Cboe Global Markets in the 4th quarter valued at $39,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction 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. The trade was a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and decreased their target price for the stock from $256.00 to $215.00 in a report on Wednesday, May 14th. UBS Group increased their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Oppenheimer upped their target price on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Trading Down 0.5%

NASDAQ CBOE traded down $1.21 during trading hours on Tuesday, hitting $232.00. The company's stock had a trading volume of 741,253 shares, compared to its average volume of 867,741. Cboe Global Markets, Inc. has a twelve month low of $166.88 and a twelve month high of $236.02. The firm has a market capitalization of $24.29 billion, a P/E ratio of 32.13, a PEG ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $225.18 and a 200 day moving average of $213.20.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the business posted $2.15 earnings per share. The firm's quarterly revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's payout ratio is 33.03%.

About Cboe Global Markets

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.