Empirical Asset Management LLC Invests $726,000 in Cboe Global Markets, Inc. $CBOE

Empirical Asset Management LLC purchased a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,959 shares of the company’s stock, valued at approximately $726,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after acquiring an additional 100 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the last quarter. Empowered Funds LLC raised its position in shares of Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares during the period. Woodline Partners LP lifted its stake in shares of Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after buying an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 0.6%

Shares of CBOE opened at $291.27 on Thursday. The stock’s 50-day moving average price is $267.49 and its 200 day moving average price is $252.92. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 12-month low of $200.88 and a 12-month high of $295.00.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CBOE shares. Citigroup boosted their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. UBS Group restated a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Finally, Barclays upped their price target on Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $279.00.

Insider Activity

In related news, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director owned 4,761 shares of the company’s stock, valued at $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the transaction, the director owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 5,695 shares of company stock worth $1,628,981. 0.22% of the stock is currently owned by corporate insiders.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.