First Trust Advisors LP Purchases 991,209 Shares of Cboe Global Markets, Inc. $CBOE

First Trust Advisors LP boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 215.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,451,743 shares of the company’s stock after acquiring an additional 991,209 shares during the quarter. First Trust Advisors LP owned 1.39% of Cboe Global Markets worth $356,040,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CBOE. Physician Wealth Advisors Inc. increased its position in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets in the second quarter worth approximately $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets during the second quarter valued at approximately $31,000. Dakota Community Bank & Trust NA purchased a new stake in Cboe Global Markets during the third quarter valued at approximately $42,000. Finally, Assetmark Inc. increased its holdings in Cboe Global Markets by 195.4% during the third quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,695 shares of company stock valued at $1,628,981. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Finally, Loop Capital set a $317.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $301.27 on Friday. The business’s 50-day simple moving average is $273.94 and its two-hundred day simple moving average is $255.39. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $305.68. The stock has a market cap of $31.53 billion, a PE ratio of 41.73, a P/E/G ratio of 1.75 and a beta of 0.33. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping 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%.During the same period last year, the business earned $2.10 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio is currently 27.64%.

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.