Global Assets Advisory LLC Purchases New Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Global Assets Advisory LLC bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 88,220 shares of the company’s stock, valued at approximately $16,209,000. Global Assets Advisory LLC owned about 0.08% of Cboe Global Markets at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $226,557,000. Perpetual Ltd bought a new position in Cboe Global Markets in the 1st quarter valued at $74,868,000. Morgan Stanley grew its position in shares of Cboe Global Markets by 24.5% during the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after purchasing an additional 342,505 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Cboe Global Markets by 439.5% in the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock worth $56,716,000 after purchasing an additional 258,753 shares during the period. Finally, Rheos Capital Works Inc. increased its holdings in shares of Cboe Global Markets by 620.8% in the fourth quarter. Rheos Capital Works Inc. now owns 187,400 shares of the company’s stock worth $33,462,000 after purchasing an additional 161,400 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 1,100 shares of Cboe Global Markets stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $185.06, for a total transaction of $203,566.00. Following the completion of the transaction, the executive vice president now directly owns 4,656 shares of the company’s stock, valued at approximately $861,639.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Down 2.6 %

Shares of Cboe Global Markets stock opened at $171.34 on Tuesday. The company’s fifty day simple moving average is $177.58 and its two-hundred day simple moving average is $180.72. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. 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 company has a market cap of $18.17 billion, a P/E ratio of 88.32 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $502.10 million during the quarter, compared to the consensus estimate of $504.80 million. During the same period in the prior year, the firm earned $1.90 earnings per share. Cboe Global Markets’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, May 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Rosenblatt Securities boosted their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Bank of America upped their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Barclays lifted their price objective on shares of Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $191.00.

Cboe Global Markets 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.