1,795 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Bought by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd has made a new investment of $406,000 in Cboe Global Markets, acquiring 1,795 shares in the first quarter.
• A total of 82.67% of Cboe Global Markets' stock is owned by institutional investors, indicating strong confidence in the company's prospects.
• Cboe Global Markets reported $2.46 EPS for the last quarter, surpassing analysts' expectations and reflecting a 14.3% increase in revenue compared to the previous year.

S Bank Fund Management Ltd acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,795 shares of the company's stock, valued at approximately $406,000.

Other hedge funds also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after buying an additional 126,721 shares in the last quarter. Invesco Ltd. increased its position in shares of Cboe Global Markets by 15.6% during the first quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after acquiring an additional 182,725 shares in the last quarter. Northern Trust Corp increased its position in shares of Cboe Global Markets by 9.2% during the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after acquiring an additional 104,257 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Cboe Global Markets by 11.3% in the fourth quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock worth $138,656,000 after purchasing an additional 72,200 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

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 sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CBOE. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $231.38.

Cboe Global Markets Trading Up 1.6%

Cboe Global Markets stock traded up $3.92 during trading hours on Friday, hitting $247.63. The company had a trading volume of 740,424 shares, compared to its average volume of 874,303. The firm has a market cap of $25.90 billion, a P/E ratio of 34.30, a P/E/G 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 1 year low of $187.30 and a 1 year high of $255.27. The company has a 50-day moving average price of $236.28 and a two-hundred day moving average price of $223.57.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company posted $2.15 earnings per share. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Cboe Global Markets 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.