Sone Capital Management LLC Purchases New Stake in Cboe Global Markets, Inc. $CBOE

Sone Capital Management LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, Holdings Channel reports. The fund acquired 38,522 shares of the company’s stock, valued at approximately $9,348,000.

Several other hedge funds also recently added to or reduced their stakes in CBOE. Cibc World Market Inc. bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $1,578,000. OMERS ADMINISTRATION Corp bought a new position in shares of Cboe Global Markets during the second quarter worth about $2,282,000. Osmosis Investment Management UK Ltd bought a new position in shares of Cboe Global Markets during the second quarter worth about $1,028,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Cboe Global Markets in the second quarter worth about $41,165,000. Finally, Pinnacle Holdings LLC acquired a new position in Cboe Global Markets in the second quarter worth about $52,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

CBOE opened at $308.09 on Tuesday. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 158.81 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company’s 50-day moving average price is $274.86 and its 200 day moving average price is $293.14. 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 (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the previous year, the firm posted $2.46 earnings per share. Cboe Global Markets’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on CBOE. TD Cowen upped their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. UBS Group raised their price objective 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. Finally, Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $315.30.

Insider Activity

In related news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.