Manning & Napier Advisors LLC Invests $3.01 Million in Cboe Global Markets, Inc. (BATS:CBOE)

Manning & Napier Advisors LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,688 shares of the company’s stock, valued at approximately $3,008,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC boosted its holdings in Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Allworth Financial LP raised its holdings in Cboe Global Markets by 75.3% during the fourth quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. ORG Partners LLC purchased a new stake in Cboe Global Markets during the fourth quarter worth $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $42,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday. Rosenblatt Securities increased their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday. Seven 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 company presently has a consensus rating of “Hold” and a consensus price target of $193.33.

Cboe Global Markets Trading Down 1.0 %

CBOE traded down $1.95 during midday trading on Friday, hitting $202.23. The company’s stock had a trading volume of 801,828 shares, compared to its average volume of 636,231. The firm has a market cap of $21.45 billion, a P/E ratio of 104.24 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week 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 firm has a 50-day moving average price of $177.82 and a two-hundred day moving average price of $181.33.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, May 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at approximately $2,813,676.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,565 shares of company stock valued at $3,063,663. Company insiders own 0.51% of the company’s stock.

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.