Primecap Management Co. CA Acquires New Stake in Cboe Global Markets, Inc. $CBOE

Primecap Management Co. CA acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOEFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,100 shares of the company’s stock, valued at approximately $1,238,000.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Cboe Global Markets during the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets during the fourth quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new stake in Cboe Global Markets in the second quarter valued at about $26,000. NFSG Corp acquired a new stake in Cboe Global Markets in the first quarter valued at about $31,000. Finally, Clearstead Trust LLC purchased a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.1%

Shares of CBOE stock opened at $312.19 on Thursday. The stock has a market cap of $33.11 billion, a P/E ratio of 160.92 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The business has a fifty day simple moving average of $276.88 and a 200-day simple moving average of $293.67.

Cboe Global Markets (BATS:CBOEGet Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the previous year, the firm earned $2.46 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent analyst reports. Loop Capital set a $380.00 target price on Cboe Global Markets in a research report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Barclays raised their target price on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Piper Sandler lowered their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Finally, UBS Group raised 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 note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $315.30.

Get Our Latest Stock Analysis on CBOE

Insider Activity

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

Cboe Global Markets Company Profile

(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.

Further Reading

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

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