Kendall Capital Management Buys Shares of 8,852 Cboe Global Markets, Inc. $CBOE

Kendall Capital Management bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,852 shares of the company’s stock, valued at approximately $2,148,000.

Several other large investors also recently made changes to their positions in CBOE. Vanguard Group Inc. grew its holdings in Cboe Global Markets by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after buying an additional 120,021 shares in the last quarter. BlackRock Inc. bought a new stake in Cboe Global Markets during the 2nd quarter valued at $2,474,799,000. State Street Corp raised its stake in Cboe Global Markets by 2.1% during the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after acquiring an additional 101,349 shares in the last quarter. Geode Capital Management LLC raised its stake in Cboe Global Markets by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after acquiring an additional 65,108 shares in the last quarter. Finally, Morgan Stanley boosted its position in Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after acquiring an additional 155,333 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $300.74 on Friday. 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 firm’s 50 day moving average is $274.55 and its 200-day moving average is $292.66. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The stock has a market capitalization of $31.90 billion, a P/E ratio of 155.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released 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. The business had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group increased their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. TD Cowen lifted their price objective on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Piper Sandler reduced their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $315.30.

Insider Activity

In other news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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.