Wealth Alliance Takes Position in Cboe Global Markets, Inc. (BATS:CBOE)

Wealth Alliance bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,190 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Cboe Global Markets in the 4th quarter worth about $159,764,000. Price T Rowe Associates Inc. MD raised its position in 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 worth $136,280,000 after purchasing an additional 618,644 shares during the period. Morgan Stanley raised its position in Cboe Global Markets by 86.7% in the 4th quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock worth $164,428,000 after purchasing an additional 608,728 shares during the period. Alliancebernstein L.P. raised its position in Cboe Global Markets by 194.6% in the 4th quarter. Alliancebernstein L.P. now owns 833,975 shares of the company’s stock worth $104,639,000 after purchasing an additional 550,867 shares during the period. Finally, FMR LLC raised its position in Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock worth $344,728,000 after purchasing an additional 289,048 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Bank of America raised their target price 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. Oppenheimer raised their target price on shares of Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $199.00 target price (down from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $190.18.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 8,314 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $183.88, for a total value of $1,528,778.32. Following the completion of the sale, the executive vice president now directly owns 17,573 shares in the company, valued at $3,231,323.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.51% of the stock is owned by insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $180.40 on Friday. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 92.99 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $184.33 and a two-hundred day moving average of $178.23.

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, beating the consensus estimate 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 revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. As a group, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.