Calamos Advisors LLC Acquires 2,116 Shares of Cboe Global Markets, Inc. $CBOE

by · The Markets Daily

Calamos Advisors LLC boosted its position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,418 shares of the company’s stock after buying an additional 2,116 shares during the quarter. Calamos Advisors LLC owned approximately 0.08% of Cboe Global Markets worth $23,515,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after buying an additional 33 shares during the last quarter. Net Worth Advisory Group boosted its stake in shares of Cboe Global Markets by 3.9% during the 3rd quarter. Net Worth Advisory Group now owns 906 shares of the company’s stock worth $251,000 after acquiring an additional 34 shares during the period. Arkadios Wealth Advisors boosted its position in Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after purchasing an additional 41 shares during the period. Centaurus Financial Inc. boosted its position in Cboe Global Markets by 1.0% during the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after purchasing an additional 42 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Cboe Global Markets by 27.6% in the third quarter. Covestor Ltd now owns 236 shares of the company’s stock valued at $65,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBOE. The Goldman Sachs Group lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Cboe Global Markets from $309.00 to $357.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Loop Capital set a $332.00 price target on Cboe Global Markets in a research note on Wednesday, October 28th. Finally, Barclays upped their target price on Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $363.00.

Check Out Our Latest Report on Cboe Global Markets

Insider Transactions at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Price Performance

CBOE traded up $0.20 on Friday, reaching $353.27. The stock had a trading volume of 1,014,794 shares, compared to its average volume of 1,141,226. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The firm has a 50-day moving average of $298.63 and a 200-day moving average of $293.83. 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 company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 182.10 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. During the same period last year, the firm posted $2.67 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets declared that its board has initiated a stock buyback plan on Thursday, October 22nd that allows the company to repurchase $550 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.6% of its shares through open market purchases. Share buyback plans are generally a sign that the company’s management believes its stock is undervalued.

About Cboe Global Markets

(Free Report)

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.

See Also

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