SMI Advisory Services LLC Acquires New Shares in Cboe Global Markets, Inc. (BATS:CBOE)

SMI Advisory Services LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, according to its most recent filing with the SEC. The fund acquired 21,429 shares of the company’s stock, valued at approximately $3,839,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Optiver Holding B.V. bought a new position in Cboe Global Markets in the 4th quarter worth about $29,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Cboe Global Markets in the 4th quarter worth about $30,000. Allworth Financial LP increased its stake in Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. ORG Partners LLC bought a new position in Cboe Global Markets in the 4th quarter worth about $31,000. Finally, BKM Wealth Management LLC bought a new position in Cboe Global Markets in the 4th quarter worth about $33,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $170.00 on Thursday. The business’s fifty day simple moving average is $177.28 and its two-hundred day simple moving average is $180.57. 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 12 month low of $103.82 and a 12 month high of $139.00. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 87.33 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 3rd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.04 by $0.11. The business had revenue of $502.10 million for the quarter, compared to the consensus estimate of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.29%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBOE. Oppenheimer reiterated an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a report on Monday, May 6th. Bank of America upped their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Barclays upped their price objective on Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Rosenblatt Securities upped their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $191.00.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Catherine R. Clay sold 1,100 shares of Cboe Global Markets stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the transaction, the executive vice president now owns 4,656 shares in the company, valued at $861,639.36. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets 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.