1832 Asset Management L.P. Boosts Stake in Cboe Global Markets, Inc. (BATS:CBOE)

1832 Asset Management L.P. boosted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 9.2% in the 1st quarter, Holdings Channel reports. The firm owned 14,320 shares of the company’s stock after purchasing an additional 1,209 shares during the period. 1832 Asset Management L.P.’s holdings in Cboe Global Markets were worth $2,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. HB Wealth Management LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $248,000. Raymond James & Associates boosted its position in Cboe Global Markets by 29.3% in the 4th quarter. Raymond James & Associates now owns 50,593 shares of the company’s stock valued at $9,034,000 after buying an additional 11,475 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Cboe Global Markets by 20.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 21,239 shares of the company’s stock worth $3,792,000 after acquiring an additional 3,546 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Cboe Global Markets by 19.0% during the fourth quarter. Ritholtz Wealth Management now owns 5,593 shares of the company’s stock worth $999,000 after acquiring an additional 892 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Cboe Global Markets by 95.7% in the fourth quarter. Blue Trust Inc. now owns 276 shares of the company’s stock valued at $49,000 after acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, 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 directly owns 4,656 shares in the company, valued at $861,639.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $185.06, for a total transaction of $203,566.00. Following the completion of the transaction, the executive vice president now directly owns 4,656 shares in the company, valued at $861,639.36. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock worth $1,720,241 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBOE shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 6th. Finally, Barclays decreased their price objective on shares of Cboe Global Markets from $215.00 to $194.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $189.09.

Cboe Global Markets Stock Performance

CBOE traded down $0.59 on Friday, reaching $186.46. The company had a trading volume of 549,938 shares, compared to its average volume of 636,231. The stock has a market capitalization of $19.78 billion, a PE ratio of 96.11 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The stock has a 50-day moving average price of $175.05 and a 200-day moving average price of $180.54.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.11. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.55 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.