Wealth Alliance Makes New Investment in Cboe Global Markets, Inc. (BATS:CBOE)

Wealth Alliance purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,190 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Norges Bank acquired a new position in Cboe Global Markets during the 4th quarter worth approximately $159,764,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Cboe Global Markets by 156.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,015,184 shares of the company’s stock valued at $136,280,000 after buying an additional 618,644 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Cboe Global Markets by 86.7% in the 4th quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock valued at $164,428,000 after buying an additional 608,728 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Cboe Global Markets by 194.6% in the 4th quarter. Alliancebernstein L.P. now owns 833,975 shares of the company’s stock valued at $104,639,000 after buying an additional 550,867 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after buying an additional 289,048 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 1.6 %

Shares of Cboe Global Markets stock opened at $180.40 on Friday. The company has a market cap of $19.13 billion, a P/E ratio of 92.99 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. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The firm has a fifty day moving average of $184.33 and a two-hundred day moving average of $178.23.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The company had revenue of $499.00 million during the quarter, compared to the consensus estimate of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.80 EPS. On average, analysts forecast 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 Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several research analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Barclays upped their target price on shares of Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Citigroup upped their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Bank of America increased their price target on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.18.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total transaction of $995,001.12. Following the completion of the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,285,448.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.51% of the stock is owned by insiders.

Cboe Global Markets Company 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.