Mount Lucas Management LP Invests $2.70 Million in Cboe Global Markets, Inc. (BATS:CBOE)

Mount Lucas Management LP bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,135 shares of the company’s stock, valued at approximately $2,703,000.

A number of other hedge funds have also modified their holdings of CBOE. Morgan Stanley grew its position in Cboe Global Markets by 24.5% in the 3rd quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after buying an additional 342,505 shares during the last quarter. FMR LLC grew its position in Cboe Global Markets by 15.1% in the 3rd quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after buying an additional 289,048 shares during the last quarter. Rheos Capital Works Inc. grew its position in Cboe Global Markets by 620.8% in the 4th quarter. Rheos Capital Works Inc. now owns 187,400 shares of the company’s stock valued at $33,462,000 after buying an additional 161,400 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Cboe Global Markets by 120.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 285,616 shares of the company’s stock valued at $51,000,000 after buying an additional 156,109 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in 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 valued at $177,127,000 after buying an additional 78,675 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CBOE shares. Oppenheimer boosted 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. Barclays lifted their price target on Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley reissued an “equal weight” rating and issued a $199.00 target price (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Rosenblatt Securities boosted their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.18.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 8,314 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $183.88, for a total transaction of $1,528,778.32. Following the completion of the sale, 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 can be accessed through the SEC website. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.2 %

Shares of BATS CBOE traded up $0.44 on Tuesday, reaching $180.84. 596,190 shares of the company traded hands, compared to its average volume of 636,231. 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 50 day moving average of $183.43 and a 200 day moving average of $179.43. 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 stock has a market capitalization of $19.18 billion, a PE ratio of 93.22 and a beta of 0.61.

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

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s payout ratio is currently 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.