Dimensional Fund Advisors LP Grows Stake in Cboe Global Markets, Inc. $CBOE

Dimensional Fund Advisors LP grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 675,969 shares of the company’s stock after buying an additional 14,585 shares during the period. Dimensional Fund Advisors LP owned 0.65% of Cboe Global Markets worth $165,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its stake in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at $33,000. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $31,000. Dakota Community Bank & Trust NA bought a new position in Cboe Global Markets in the 3rd quarter worth $42,000. Finally, Assetmark Inc. lifted its position in shares of Cboe Global Markets by 195.4% in the 3rd quarter. Assetmark Inc. now owns 192 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the period. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 0.7%

NASDAQ:CBOE opened at $299.20 on Tuesday. 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 firm’s 50-day moving average price is $274.80 and its 200-day moving average price is $255.83. The company has a market capitalization of $31.32 billion, a PE ratio of 41.44, a P/E/G ratio of 1.75 and a beta of 0.33. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s quarterly revenue was up 28.0% on a year-over-year basis. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend 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 (DPR) is currently 27.64%.

Insider Activity

In other news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. The trade was a 37.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $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 ninety days, insiders sold 5,695 shares of company stock worth $1,628,981. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CBOE. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Barclays lifted their price objective on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. UBS Group reiterated a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, Loop Capital set a $317.00 target price on Cboe Global Markets in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $279.00.

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.