Virtu Financial LLC Acquires Shares of 11,487 Cboe Global Markets, Inc. $CBOE

Virtu Financial LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,487 shares of the company’s stock, valued at approximately $2,883,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Cboe Global Markets by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after acquiring an additional 120,021 shares in the last quarter. State Street Corp grew its holdings in shares of Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after purchasing an additional 65,108 shares in the last quarter. Morgan Stanley grew its holdings in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after purchasing an additional 155,333 shares in the last quarter. Finally, Invesco Ltd. increased its position in Cboe Global Markets by 5.8% in the fourth quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock worth $484,749,000 after purchasing an additional 105,168 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

BATS CBOE opened at $249.10 on Friday. The company has a market cap of $26.42 billion, a P/E ratio of 128.40 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50 day moving average price is $315.58 and its 200-day moving average price is $287.49. Cboe Global Markets, Inc. has a fifty-two week low of $223.54 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. The company 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%.Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 EPS. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the 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 sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CBOE shares. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. TD Cowen lifted their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Barclays boosted their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a research report on Monday, May 4th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $322.60.

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.