Merit Financial Group LLC Invests $350,000 in Cboe Global Markets, Inc. (BATS:CBOE)

Merit Financial Group LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,959 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Cboe Global Markets by 24.5% during the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after acquiring an additional 342,505 shares during the last quarter. FMR LLC boosted its stake in shares of Cboe Global Markets by 15.1% during the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after buying an additional 289,048 shares during the last quarter. Rheos Capital Works Inc. grew its position in shares of Cboe Global Markets by 620.8% during the fourth quarter. Rheos Capital Works Inc. now owns 187,400 shares of the company’s stock worth $33,462,000 after buying an additional 161,400 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Cboe Global Markets by 120.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 285,616 shares of the company’s stock worth $51,000,000 after buying an additional 156,109 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Cboe Global Markets by 7.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock valued at $177,127,000 after acquiring an additional 78,675 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 0.6 %

CBOE opened at $185.44 on Thursday. The stock’s fifty day moving average is $181.77 and its 200-day moving average is $180.08. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a market capitalization of $19.67 billion, a PE ratio of 95.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results 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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $502.10 million during the quarter, compared to the consensus estimate of $504.80 million. During the same period in the prior year, the company earned $1.90 EPS. Cboe Global Markets’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Ratings Changes

Several brokerages have weighed in on CBOE. Citigroup raised their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Rosenblatt Securities lifted their price target on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Finally, Oppenheimer reissued an “outperform” rating and set a $206.00 price target on shares of Cboe Global Markets in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $191.00.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 8,314 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $183.88, for a total transaction of $1,528,778.32. Following the completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at $3,231,323.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.51% of the stock is owned by insiders.

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.