Cboe Global Markets, Inc. (BATS:CBOE) Stake Raised by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 61.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 880 shares of the company’s stock after purchasing an additional 335 shares during the period. Blue Trust Inc.’s holdings in Cboe Global Markets were worth $162,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Monument Capital Management acquired a new position in Cboe Global Markets in the fourth quarter worth approximately $215,000. Illinois Municipal Retirement Fund raised its position in shares of Cboe Global Markets by 30.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,004 shares of the company’s stock worth $1,429,000 after purchasing an additional 1,883 shares during the period. Accuvest Global Advisors purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at $345,000. Hilltop Holdings Inc. boosted its position in shares of Cboe Global Markets by 1.8% in the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock valued at $2,985,000 after purchasing an additional 298 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Cboe Global Markets by 13.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,518 shares of the company’s stock worth $3,306,000 after purchasing an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $204.43 on Tuesday. The business has a fifty day simple moving average of $181.37 and a 200 day simple moving average of $182.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The firm has a market cap of $21.68 billion, a price-to-earnings ratio of 105.38 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.23%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Ratings Changes

A number of analysts have commented on CBOE shares. Oppenheimer raised their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Rosenblatt Securities raised 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. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.64.

Insider Transactions at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The disclosure for this sale can be found here. Insiders have sold a total of 16,565 shares of company stock worth $3,063,663 in the last 90 days. 0.51% of the stock is owned by insiders.

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.