J. Safra Sarasin Holding AG Purchases Shares of 8,535 Cboe Global Markets, Inc. $CBOE

J. Safra Sarasin Holding AG purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,535 shares of the company’s stock, valued at approximately $2,396,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBOE. Sound Income Strategies LLC increased its holdings in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets in the fourth quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $31,000. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the 4th quarter valued at about $33,000. Finally, DV Equities LLC bought a new position in shares of Cboe Global Markets in the 4th quarter valued at about $37,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 3.4%

Shares of CBOE stock opened at $277.13 on Tuesday. The firm has a 50 day moving average price of $299.28 and a two-hundred day moving average price of $287.63. 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 company has a market capitalization of $29.39 billion, a PE ratio of 142.85 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (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 during the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. The business’s revenue was up 29.0% on a year-over-year basis. As a group, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CBOE. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. UBS Group boosted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley reiterated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday. Finally, Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $314.10.

Cboe Global Markets Company Profile

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.