Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,801 shares of the company’s stock after acquiring an additional 246 shares during the period. Highland Capital Management LLC’s holdings in Cboe Global Markets were worth $6,750,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at $33,000. NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets in the third quarter valued at $29,000. Clear Street Markets LLC raised its stake in shares of Cboe Global Markets by 93.5% in the first quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Cboe Global Markets in the third quarter valued at $35,000. Finally, Larson Financial Group LLC increased its holdings in Cboe Global Markets by 322.6% in the third quarter. Larson Financial Group LLC now owns 262 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of CBOE opened at $179.88 on Thursday. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The company has a market capitalization of $19.08 billion, a price-to-earnings ratio of 92.72 and a beta of 0.61. The firm has a 50-day simple moving average of $186.06 and a 200-day simple moving average of $175.36. 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 (BATS:CBOE) last announced its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $499.00 million during the quarter, compared to the consensus estimate of $510.65 million. During the same quarter in the prior year, the firm earned $1.80 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Thursday, February 29th were given a $0.55 dividend. 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%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup increased their target price on Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Oppenheimer increased their target price on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Barclays dropped their target price on Cboe Global Markets from $204.00 to $200.00 and set an “overweight” rating on the stock in a report on Monday, February 5th. Finally, Rosenblatt Securities increased their target price on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.78.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the sale, the executive vice president now owns 17,573 shares in the company, valued at $3,285,448.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.51% of the stock is owned by insiders.

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.