Bahl & Gaynor Inc. Purchases New Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Bahl & Gaynor Inc. purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 70,028 shares of the company’s stock, valued at approximately $12,504,000. Bahl & Gaynor Inc. owned about 0.07% of Cboe Global Markets as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBOE. Morgan Stanley increased its position in Cboe Global Markets by 24.5% during the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after purchasing an additional 342,505 shares during the period. FMR LLC increased its position in Cboe Global Markets by 15.1% during the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after purchasing an additional 289,048 shares during the period. Rheos Capital Works Inc. increased its position in Cboe Global Markets by 620.8% during the 4th quarter. Rheos Capital Works Inc. now owns 187,400 shares of the company’s stock valued at $33,462,000 after purchasing an additional 161,400 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Cboe Global Markets by 7.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock worth $177,127,000 after buying an additional 78,675 shares during the period. Finally, Tandem Investment Advisors Inc. grew its position in shares of Cboe Global Markets by 11.0% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 764,795 shares of the company’s stock worth $119,469,000 after buying an additional 75,743 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CBOE shares. Oppenheimer upped 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. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Bank of America upped 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, April 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Finally, Barclays upped their price target on shares of Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $190.18.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 5,322 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the transaction, the executive vice president now owns 17,573 shares in the company, valued at approximately $3,285,448.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

CBOE traded down $2.29 during midday trading on Friday, hitting $179.40. 512,907 shares of the company traded hands, 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 firm has a market capitalization of $19.03 billion, a PE ratio of 92.47 and a beta of 0.61. The company’s 50-day moving average is $183.78 and its 200 day moving average is $178.92. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.02. The business had revenue of $499.00 million for the quarter, compared to analysts’ expectations of $510.65 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.