Element Squared LLC Acquires New Position in Cboe Global Markets, Inc. $CBOE

Element Squared LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,871 shares of the company’s stock, valued at approximately $2,212,000. Cboe Global Markets makes up approximately 1.2% of Element Squared LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Cboe Global Markets by 7.9% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 38,498 shares of the company’s stock valued at $10,821,000 after buying an additional 2,826 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Cboe Global Markets by 12.5% in the first quarter. Apollon Wealth Management LLC now owns 1,645 shares of the company’s stock valued at $462,000 after buying an additional 183 shares in the last quarter. Louisbourg Investments Inc. grew its holdings in Cboe Global Markets by 32.9% during the first quarter. Louisbourg Investments Inc. now owns 521 shares of the company’s stock worth $146,000 after acquiring an additional 129 shares during the period. Venturi Wealth Management LLC grew its holdings in Cboe Global Markets by 2.0% during the first quarter. Venturi Wealth Management LLC now owns 3,712 shares of the company’s stock worth $1,043,000 after acquiring an additional 73 shares during the period. Finally, OLD National Bancorp IN raised its position in Cboe Global Markets by 39.8% in the first quarter. OLD National Bancorp IN now owns 1,239 shares of the company’s stock worth $348,000 after acquiring an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $242.67 on Wednesday. The stock has a fifty day moving average price of $306.99 and a 200 day moving average price of $287.12. The stock has a market cap of $25.74 billion, a PE ratio of 125.09 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the previous year, the business earned $2.50 earnings per share. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CBOE shares. UBS Group raised their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $310.70.

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

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.