Titan Investment Solutions Ltd Acquires Shares of 107,270 Cboe Global Markets, Inc. $CBOE

Titan Investment Solutions Ltd acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 107,270 shares of the company’s stock, valued at approximately $26,925,000. Cboe Global Markets accounts for 3.2% of Titan Investment Solutions Ltd’s portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Kendall Capital Management raised its position in shares of Cboe Global Markets by 0.5% during the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after purchasing an additional 40 shares during the period. Norinchukin Bank The raised its position in shares of Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after purchasing an additional 42 shares during the period. Aprio Wealth Management LLC raised its position in shares of Cboe Global Markets by 3.1% during the third quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock worth $351,000 after purchasing an additional 43 shares during the period. IHT Wealth Management LLC raised its position in shares of Cboe Global Markets by 4.5% during the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares during the period. Finally, Sound Income Strategies LLC boosted its position 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 valued at $25,000 after buying an additional 46 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CBOE. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Loop Capital set a $382.00 target price on Cboe Global Markets in a research report on Monday, May 4th. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Finally, UBS Group lifted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $294.91 on Friday. The firm has a market capitalization of $31.28 billion, a P/E ratio of 152.02 and a beta of 0.61. The business’s fifty day simple moving average is $317.77 and its 200 day simple moving average is $287.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12 month low of $223.54 and a 12 month high of $371.18.

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

Cboe Global Markets Dividend Announcement

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

Insider Activity

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’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 sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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.

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.