Gateway Wealth Partners LLC Makes New Investment in Cboe Global Markets, Inc. $CBOE

Gateway Wealth Partners LLC purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,684 shares of the company’s stock, valued at approximately $1,035,000.

A number of other large investors have also recently modified their holdings of CBOE. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets in the fourth quarter valued at approximately $26,000. NFSG Corp purchased a new stake in Cboe Global Markets in the first quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the second quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC bought a new stake in Cboe Global Markets during the fourth quarter valued at approximately $33,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CBOE shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen lifted their price objective on shares of Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Barclays cut their target price on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $300.73.

Cboe Global Markets Stock Up 3.5%

Shares of CBOE opened at $307.81 on Thursday. 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 current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $282.07 and a two-hundred day simple moving average of $290.12. The firm has a market cap of $32.65 billion, a P/E ratio of 158.67 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue was up 29.0% compared to the same quarter last year. During the same period last year, the firm posted $2.50 earnings per share. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.9%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.