Pekin Hardy Strauss Inc. Buys 338 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Pekin Hardy Strauss Inc. raised its position in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,613 shares of the company’s stock after buying an additional 338 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Cboe Global Markets were worth $1,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its stake in Cboe Global Markets by 15.2% in the third quarter. Asset Management One Co. Ltd. now owns 55,789 shares of the company’s stock valued at $8,715,000 after buying an additional 7,358 shares during the period. Simplicity Solutions LLC bought a new position in Cboe Global Markets during the 3rd quarter worth approximately $205,000. U.S. Capital Wealth Advisors LLC grew its holdings in Cboe Global Markets by 1.5% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 5,123 shares of the company’s stock valued at $800,000 after purchasing an additional 76 shares during the period. Commonwealth Equity Services LLC increased its stake in Cboe Global Markets by 46.3% in the third quarter. Commonwealth Equity Services LLC now owns 22,594 shares of the company’s stock valued at $3,529,000 after purchasing an additional 7,152 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Cboe Global Markets by 9.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 65,042 shares of the company’s stock worth $10,160,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Rosenblatt Securities raised their price objective on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Barclays boosted their price objective on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Morgan Stanley restated an “equal weight” rating and set a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 price target on shares of Cboe Global Markets in a report on Thursday, April 4th. Finally, Citigroup boosted their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $190.18.

Cboe Global Markets Stock Performance

CBOE stock traded up $0.44 during mid-day trading on Tuesday, hitting $180.84. 596,188 shares of the company were exchanged, compared to its average volume of 636,231. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The business has a 50 day simple moving average of $183.65 and a 200-day simple moving average of $179.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $19.18 billion, a PE ratio of 92.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to the consensus estimate of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.80 EPS. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the sale, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,285,448.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is owned by insiders.

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.