Corient Private Wealth LP bought a new position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 20,427 shares of the company’s stock, valued at approximately $4,957,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. BlackRock Inc. bought a new position in shares of Cboe Global Markets during the second quarter valued at about $2,474,799,000. State Street Corp increased its stake in Cboe Global Markets by 2.1% in the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after buying an additional 101,349 shares during the last quarter. Geode Capital Management LLC increased its stake in Cboe Global Markets by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after buying an additional 65,108 shares during the last quarter. Morgan Stanley lifted its position in shares of Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after buying an additional 155,333 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $491,465,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CBOE shares. UBS Group upped their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen boosted their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $315.30.
Insider Buying and Selling
In related news, Director Janet P. 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 value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.
Cboe Global Markets Trading Down 3.3%
Shares of Cboe Global Markets stock opened at $300.20 on Tuesday. The stock has a market capitalization of $31.84 billion, a P/E ratio of 154.74 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $280.29 and its 200 day simple moving average is $294.35.
Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business earned $2.46 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.
Cboe Global Markets Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is currently 98.97%.
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. 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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