Rafferty Asset Management LLC Grows Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Rafferty Asset Management LLC grew its holdings in Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 5.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,407 shares of the company’s stock after acquiring an additional 2,008 shares during the quarter. Rafferty Asset Management LLC’s holdings in Cboe Global Markets were worth $6,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CBOE. Pinnacle Associates Ltd. grew its stake in Cboe Global Markets by 5.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock worth $244,000 after buying an additional 67 shares during the last quarter. Allworth Financial LP grew its stake in Cboe Global Markets by 75.3% during the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after buying an additional 73 shares during the last quarter. Balentine LLC grew its stake in Cboe Global Markets by 4.7% during the 4th quarter. Balentine LLC now owns 2,127 shares of the company’s stock worth $380,000 after buying an additional 95 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Cboe Global Markets by 4.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,325 shares of the company’s stock worth $363,000 after buying an additional 109 shares during the last quarter. Finally, Martin Capital Advisors LLP grew its stake in Cboe Global Markets by 7.2% during the 4th quarter. Martin Capital Advisors LLP now owns 1,698 shares of the company’s stock worth $303,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Bank of America increased their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and set a $206.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 6th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a research report on Thursday, April 4th. Rosenblatt Securities increased their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 price objective (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $191.00.

Check Out Our Latest Stock Analysis on Cboe Global Markets

Cboe Global Markets Stock Performance

BATS CBOE opened at $174.69 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a market capitalization of $18.53 billion, a P/E ratio of 90.05 and a beta of 0.61. The business has a 50 day moving average price of $180.03 and a 200 day moving average price of $181.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOEGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.11. The company had revenue of $502.10 million during 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%. Cboe Global Markets’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, May 31st. Cboe Global Markets’s payout ratio is 98.97%.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 1,100 shares of Cboe Global Markets stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $185.06, for a total value of $203,566.00. Following the completion of the sale, the executive vice president now owns 4,656 shares of the company’s stock, valued at $861,639.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.51% of the stock is currently owned by company insiders.

About Cboe Global Markets

(Free Report)

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.

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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