Resona Asset Management Co. Ltd. Boosts Stake in Cboe Global Markets, Inc. $CBOE

Resona Asset Management Co. Ltd. lifted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,736 shares of the company’s stock after purchasing an additional 2,566 shares during the quarter. Resona Asset Management Co. Ltd. owned approximately 0.05% of Cboe Global Markets worth $12,974,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Missouri Trust & Investment Co purchased a new stake in Cboe Global Markets in the second quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at $26,000. Hughes Financial Services LLC acquired a new stake in Cboe Global Markets during the 1st quarter worth $29,000. Cornerstone Planning Group LLC boosted its stake in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after purchasing an additional 139 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Cboe Global Markets during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $256.62 on Friday. The stock has a market capitalization of $26.85 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.75 and a beta of 0.42. The business’s 50 day moving average is $239.47 and its two-hundred day moving average is $235.03. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $257.41. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the firm earned $2.22 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.72 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio is currently 30.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday. Loop Capital set a $287.00 price objective on Cboe Global Markets in a research report on Monday. Barclays boosted their target price on Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Finally, Citigroup increased their price target on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.