Mad River Investors Has $1.12 Million Position in Cboe Global Markets, Inc. (BATS:CBOE)

Mad River Investors raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the company’s stock after purchasing an additional 225 shares during the period. Cboe Global Markets accounts for approximately 0.8% of Mad River Investors’ investment portfolio, making the stock its 18th biggest position. Mad River Investors’ holdings in Cboe Global Markets were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Monument Capital Management bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $215,000. Illinois Municipal Retirement Fund grew its position in shares of Cboe Global Markets by 30.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 8,004 shares of the company’s stock worth $1,429,000 after purchasing an additional 1,883 shares in the last quarter. Accuvest Global Advisors bought a new position in shares of Cboe Global Markets during the fourth quarter worth approximately $345,000. McGuire Investment Group LLC raised its position in shares of Cboe Global Markets by 0.9% in the fourth quarter. McGuire Investment Group LLC now owns 94,024 shares of the company’s stock valued at $16,789,000 after buying an additional 867 shares in the last quarter. Finally, Seelaus Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $352,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CBOE. Keefe, Bruyette & Woods restated 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. Bank of America increased their price objective on shares of Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Barclays increased their price objective on shares of Cboe Global Markets from $211.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Morgan Stanley reiterated an “equal weight” rating and set a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a research report on Tuesday, April 9th. Finally, Oppenheimer reiterated an “outperform” rating and set a $206.00 price target on shares of Cboe Global Markets in a research report on Monday, May 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $191.00.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded down $0.47 during mid-day trading on Thursday, reaching $170.92. The company had a trading volume of 302,465 shares, compared to its average volume of 636,231. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. 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 cap of $18.13 billion, a P/E ratio of 87.97 and a beta of 0.61. The business has a fifty day simple moving average of $176.42 and a 200 day simple moving average of $180.38.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 3rd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.11. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. During the same period last year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 annualized dividend and a yield of 1.29%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets 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 $9,074,625. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $185.06, for a total transaction of $203,566.00. Following the completion of the transaction, the executive vice president now owns 4,656 shares in the company, valued at approximately $861,639.36. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

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.