Trust Asset Management LLC Takes $216,000 Position in Cboe Global Markets, Inc. (BATS:CBOE)

Trust Asset Management LLC acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,210 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also modified their holdings of CBOE. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Cboe Global Markets in the 4th quarter worth about $30,000. Allworth Financial LP raised its holdings in Cboe Global Markets by 75.3% in the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock worth $30,000 after purchasing an additional 73 shares during the period. ORG Partners LLC acquired a new position in Cboe Global Markets in the 4th quarter worth about $31,000. BKM Wealth Management LLC acquired a new position in Cboe Global Markets in the 4th quarter worth about $33,000. Finally, NBC Securities Inc. acquired a new position in Cboe Global Markets in the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $186.96, for a total value of $995,001.12. Following the completion of the sale, the executive vice president now owns 17,573 shares in the company, valued at $3,285,448.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $2.13 during mid-day trading on Thursday, hitting $181.52. 712,949 shares of the stock were exchanged, compared to its average volume of 636,231. The stock’s fifty day simple moving average is $183.92 and its two-hundred day simple moving average is $178.80. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 93.57 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. 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 (BATS:CBOE) last released its quarterly 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 firm had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter last year, the company posted $1.80 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given 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 1.21%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated 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. Citigroup boosted their price objective on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Oppenheimer boosted their price objective on Cboe Global Markets from $201.00 to $206.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. Finally, Bank of America boosted their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $190.18.

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.