Dynamic Advisor Solutions LLC Acquires 100 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Dynamic Advisor Solutions LLC increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,634 shares of the company’s stock after acquiring an additional 100 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Cboe Global Markets were worth $596,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CBOE. Elevation Point Wealth Partners LLC grew its position in shares of Cboe Global Markets by 4.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 1,343 shares of the company’s stock valued at $304,000 after acquiring an additional 63 shares during the period. Everhart Financial Group Inc. bought a new stake in shares of Cboe Global Markets during the first quarter worth approximately $310,000. apricus wealth LLC increased its stake in shares of Cboe Global Markets by 56.7% during the first quarter. apricus wealth LLC now owns 1,713 shares of the company’s stock worth $388,000 after purchasing an additional 620 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Cboe Global Markets by 25.1% during the first quarter. Fifth Third Bancorp now owns 3,488 shares of the company’s stock worth $789,000 after buying an additional 700 shares in the last quarter. Finally, CX Institutional boosted its holdings in Cboe Global Markets by 15.4% in the 1st quarter. CX Institutional now owns 5,664 shares of the company’s stock valued at $1,282,000 after purchasing an additional 757 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Monday, May 5th. Loop Capital set a $227.00 target price on Cboe Global Markets in a report on Monday, May 5th. Bank of America reiterated a “neutral” rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Finally, UBS Group boosted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $219.64.

Cboe Global Markets Stock Up 1.0%

Shares of NASDAQ CBOE opened at $227.60 on Thursday. Cboe Global Markets, Inc. has a 1 year low of $166.88 and a 1 year high of $236.02. The stock has a market capitalization of $23.83 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50-day moving average price of $222.72 and a 200-day moving average price of $211.68.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the business posted $2.15 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets’s dividend payout ratio is currently 33.03%.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president now directly owns 2,183 shares of the company’s stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.