Caldwell Investment Management Ltd. Takes $26.67 Million Position in Cboe Global Markets, Inc. $CBOE

Caldwell Investment Management Ltd. acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 110,000 shares of the company’s stock, valued at approximately $26,674,000. Cboe Global Markets accounts for 17.5% of Caldwell Investment Management Ltd.’s portfolio, making the stock its biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares during the period. Brindle & Bay Financial Advisors LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth $735,000. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at $3,831,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at $995,000. Finally, Vestcor Inc boosted its stake in Cboe Global Markets by 37.1% during the fourth quarter. Vestcor Inc now owns 28,626 shares of the company’s stock valued at $7,185,000 after buying an additional 7,753 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $300.74 on Friday. The stock’s fifty day simple moving average is $274.55 and its 200 day simple moving average is $292.66. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 155.02 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the business posted $2.46 earnings per share. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.86 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CBOE. TD Cowen lifted their target price on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Loop Capital set a $380.00 price target on shares of Cboe Global Markets in a report on Monday, August 3rd. Barclays raised their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. UBS Group lifted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $315.30.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

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.