Cboe Global Markets, Inc. (BATS:CBOE) Stake Raised by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,763 shares of the company’s stock after purchasing an additional 797 shares during the period. LPL Financial LLC’s holdings in Cboe Global Markets were worth $1,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CBOE. Ronald Blue Trust Inc. grew its position in Cboe Global Markets by 109.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 243 shares of the company’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $47,000. Quadrant Capital Group LLC grew its holdings in shares of Cboe Global Markets by 37.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 473 shares of the company’s stock valued at $56,000 after acquiring an additional 130 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Cboe Global Markets by 59.8% during the 3rd quarter. Bessemer Group Inc. now owns 489 shares of the company’s stock worth $58,000 after purchasing an additional 183 shares in the last quarter. Finally, Evermay Wealth Management LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $78,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CBOE. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $147.00 to $148.00 in a research note on Monday, May 8th. Finally, Oppenheimer increased their target price on shares of Cboe Global Markets from $147.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $142.67.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $135.55 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $135.01 and its 200 day simple moving average is $128.34. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 69.87 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

Cboe Global Markets (BATS:CBOE – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.03. The business had revenue of $471.40 million during the quarter, compared to the consensus estimate of $482.03 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, May 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

About Cboe Global Markets

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Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, Europe and Asia Pacific, Global FX, and Digital. The Options segment includes the options exchange business, which lists trading options on market indexes (index options), as well as on non-exclusive multiply listed options.