Calamos Advisors LLC Decreases Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Calamos Advisors LLC lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 89,262 shares of the company’s stock after selling 3,258 shares during the quarter. Calamos Advisors LLC’s holdings in Cboe Global Markets were worth $15,180,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at $226,557,000. Perpetual Ltd purchased a new position in shares of Cboe Global Markets in the 1st quarter worth $74,868,000. Allianz Asset Management GmbH increased its holdings in shares of Cboe Global Markets by 439.5% in the 4th quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock worth $56,716,000 after buying an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Cboe Global Markets by 120.5% during 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 in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Cboe Global Markets by 1,202.0% in the 4th quarter. Panagora Asset Management Inc. now owns 141,735 shares of the company’s stock valued at $25,308,000 after acquiring an additional 130,849 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent research reports. Oppenheimer increased their price target on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Barclays increased their target price on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Trading Down 0.1 %

Shares of BATS:CBOE opened at $209.62 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $22.23 billion, a P/E ratio of 108.05 and a beta of 0.61. The business’s 50-day moving average is $184.45 and its 200 day moving average is $182.72. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.63 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was 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 directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,565 shares of company stock worth $3,063,663. Company insiders own 0.51% of the company’s stock.

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.