Eley Financial Management Inc Buys New Position in Cboe Global Markets, Inc. $CBOE

Eley Financial Management Inc bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, HoldingsChannel reports. The institutional investor bought 3,971 shares of the company’s stock, valued at approximately $1,116,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC boosted its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $26,000. NFSG Corp bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the second quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the fourth quarter valued at approximately $33,000. 81.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CBOE. JPMorgan Chase & Co. lifted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday. Piper Sandler dropped their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. TD Cowen lifted their target price on shares of Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Four 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $300.73.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 3.7%

Shares of BATS CBOE opened at $296.52 on Friday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The firm has a market capitalization of $31.45 billion, a PE ratio of 152.85 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $280.97 and a two-hundred day moving average price of $290.37.

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

Cboe Global Markets Announces Dividend

The business also recently declared 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. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

About Cboe Global Markets

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.