Dai ichi Life Insurance Company Ltd Decreases Position in Cboe Global Markets, Inc. $CBOE

Dai ichi Life Insurance Company Ltd cut its holdings in Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 5.3% during the 1st quarter, Holdings Channel reports. The firm owned 35,314 shares of the company’s stock after selling 1,983 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Cboe Global Markets were worth $9,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sound Income Strategies LLC lifted its stake in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in Cboe Global Markets in the fourth quarter valued at $26,000. NFSG Corp acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at about $31,000. Elyxium Wealth LLC purchased a new stake in Cboe Global Markets during the fourth quarter worth approximately $33,000. Finally, Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth $31,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 0.1%

Shares of Cboe Global Markets stock opened at $285.07 on Friday. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a market capitalization of $30.24 billion, a PE ratio of 146.94 and a beta of 0.61. 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 business has a 50-day moving average of $286.00 and a 200-day moving average of $288.96.

Cboe Global Markets (BATS:CBOEGet Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CBOE shares. Barclays lowered their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. UBS Group increased their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $303.60.

Read Our Latest Analysis on CBOE

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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