Cboe Global Markets, Inc. $CBOE Stock Purchased by Investment Research Partners LLC

Investment Research Partners LLC raised its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 131.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,001 shares of the company’s stock after acquiring an additional 3,979 shares during the quarter. Investment Research Partners LLC’s holdings in Cboe Global Markets were worth $1,927,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets during the second quarter worth about $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets during the second quarter worth about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Cboe Global Markets by 5.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after purchasing an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Cboe Global Markets by 10.1% during the first quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after purchasing an additional 68,742 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 2.7%

CBOE stock opened at $306.47 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The firm has a fifty day moving average price of $288.41 and a two-hundred day moving average price of $293.61. The firm has a market cap of $32.50 billion, a price-to-earnings ratio of 157.98 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the prior year, the company earned $2.46 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. upped their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Loop Capital set a $343.00 price objective on Cboe Global Markets in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, TD Cowen lifted their target price on Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $321.91.

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.