Mach 1 Financial Group LLC Invests $1.10 Million in Cboe Global Markets, Inc. (BATS:CBOE)

Mach 1 Financial Group LLC purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,175 shares of the company’s stock, valued at approximately $1,103,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC raised its holdings in shares of Cboe Global Markets by 15.1% in the third quarter. FMR LLC now owns 2,206,823 shares of the company’s stock worth $344,728,000 after buying an additional 289,048 shares during the period. Morgan Stanley raised its holdings in shares of Cboe Global Markets by 24.5% in the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock worth $272,266,000 after buying an additional 342,505 shares during the period. Northern Trust Corp raised its holdings in shares of Cboe Global Markets by 6.0% in the third quarter. Northern Trust Corp now owns 1,223,219 shares of the company’s stock worth $191,079,000 after buying an additional 68,760 shares during the period. Lord Abbett & CO. LLC increased its holdings in Cboe Global Markets by 7.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock worth $177,127,000 after purchasing an additional 78,675 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Cboe Global Markets by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 830,962 shares of the company’s stock worth $129,805,000 after purchasing an additional 6,076 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CBOE. Oppenheimer raised their price objective on Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Citigroup raised their price objective on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a report on Friday, January 12th. Barclays raised their price objective on Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $197.00 price objective on shares of Cboe Global Markets in a report on Thursday, April 4th. 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 research report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $190.18.

Insider Buying and Selling

In related news, EVP Dave Howson sold 8,314 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $183.88, for a total value of $1,528,778.32. Following the completion of the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,231,323.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Up 0.2 %

Shares of Cboe Global Markets stock traded up $0.44 during trading on Tuesday, reaching $180.84. The company’s stock had a trading volume of 596,190 shares, compared to its average volume of 636,231. 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 market cap of $19.18 billion, a price-to-earnings ratio of 93.22 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a 50-day simple moving average of $183.43 and a two-hundred day simple moving average of $179.43.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $510.65 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 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 EPS. As a group, equities analysts forecast 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, March 15th. Investors 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 dividend on an annualized basis and a yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.