Sequoia Financial Advisors LLC Invests $245,000 in Cboe Global Markets, Inc. (BATS:CBOE)

Sequoia Financial Advisors LLC purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,371 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $30,000. Allworth Financial LP grew its position in shares of Cboe Global Markets by 75.3% during the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $33,000. NBC Securities Inc. bought a new position in Cboe Global Markets in the third quarter worth about $29,000. Finally, Clear Street Markets LLC lifted its holdings in Cboe Global Markets by 93.5% in the first quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through the SEC website. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of research reports. Bank of America increased their price target on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday. Citigroup increased their target price on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday, January 12th. Barclays boosted their price target on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Oppenheimer increased their price objective on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $197.00 price objective on shares of Cboe Global Markets in a research report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $190.18.

Cboe Global Markets Trading Up 1.6 %

Cboe Global Markets stock opened at $180.40 on Friday. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $19.13 billion, a PE ratio of 92.99 and a beta of 0.61. The firm has a 50 day simple moving average of $184.33 and a 200-day simple moving average of $178.23.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $499.00 million during the quarter, compared to analyst estimates of $510.65 million. During the same period last year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

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.