Legacy Capital Group California Inc. Takes $593,000 Position in Cboe Global Markets, Inc. (BATS:CBOE)

Legacy Capital Group California Inc. acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,486 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $245,000. Cerity Partners LLC boosted its stake in Cboe Global Markets by 11.1% during the fourth quarter. Cerity Partners LLC now owns 8,177 shares of the company’s stock valued at $1,460,000 after buying an additional 815 shares during the period. Louisiana State Employees Retirement System purchased a new position in Cboe Global Markets during the fourth quarter worth about $1,143,000. Strs Ohio bought a new position in Cboe Global Markets in the 4th quarter worth about $2,082,000. Finally, Wealth Alliance bought a new position in Cboe Global Markets in the 4th quarter worth about $212,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Up 0.6 %

Shares of BATS:CBOE traded up $1.22 during trading hours on Tuesday, reaching $205.81. The stock had a trading volume of 633,983 shares, compared to its average volume of 636,231. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 106.09 and a beta of 0.61. 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, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The firm’s 50 day moving average is $182.02 and its 200-day moving average is $182.16.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period last year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Research 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. 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 dividend payout ratio (DPR) is 98.97%.

Analysts Set New Price Targets

CBOE has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Oppenheimer lifted their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays raised their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Rosenblatt Securities increased their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $199.64.

Insider Activity

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred 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 $879,579.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now owns 51,855 shares in the company, valued at approximately $9,074,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,565 shares of company stock worth $3,063,663. 0.51% of the stock is currently 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.