Brindle & Bay Financial Advisors LLC Invests $735,000 in Cboe Global Markets, Inc. $CBOE

Brindle & Bay Financial Advisors LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,927 shares of the company’s stock, valued at approximately $735,000.

Several other hedge funds have also modified their holdings of the company. Caprock Group LLC acquired a new position in shares of Cboe Global Markets in the third quarter valued at $4,156,000. Andra AP fonden grew its holdings in shares of Cboe Global Markets by 7.9% during the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Cboe Global Markets by 33.5% during the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Cboe Global Markets by 557.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after acquiring an additional 31,919 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in Cboe Global Markets by 25.7% in the third quarter. Vest Financial LLC now owns 24,929 shares of the company’s stock valued at $6,114,000 after acquiring an additional 5,100 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is owned by insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $303.81 on Friday. Cboe Global Markets, Inc. has a 12-month low of $210.04 and a 12-month high of $309.87. The business has a 50-day simple moving average of $291.86 and a two-hundred day simple moving average of $268.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $32.22 billion, a PE ratio of 156.60 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.93 by $0.13. The company had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analysts Set New Price Targets

Several equities analysts have weighed in on CBOE shares. UBS Group reissued a “neutral” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Morgan Stanley lifted their target price on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Thursday, April 9th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Loop Capital set a $293.00 target price on Cboe Global Markets in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $294.20.

About Cboe Global Markets

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.