Edmond DE Rothschild Holding S.A. acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,496 shares of the company’s stock, valued at approximately $8,614,000.
A number of other large investors have also recently made changes to their positions in CBOE. BlackRock Inc. acquired a new position in shares of Cboe Global Markets during the second quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new stake in shares of Cboe Global Markets during the second quarter worth about $491,465,000. Norges Bank acquired a new stake in shares of Cboe Global Markets in the 4th quarter worth about $354,578,000. Balyasny Asset Management L.P. lifted its position in Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after acquiring an additional 697,600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after acquiring an additional 635,199 shares in the last quarter. 81.73% of the stock is owned by institutional investors.
Cboe Global Markets Stock Down 3.5%
CBOE opened at $280.75 on Thursday. 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 company’s 50-day moving average is $274.47 and its 200 day moving average is $292.40. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The firm has a market capitalization of $29.78 billion, a P/E ratio of 144.72 and a beta of 0.61.
Cboe Global Markets Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 31st. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.
Insider Buying and Selling at Cboe Global Markets
In other news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
CBOE has been the subject of a number of analyst reports. Loop Capital set a $380.00 price target on Cboe Global Markets in a research note on Monday, August 3rd. Barclays increased their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Piper Sandler cut their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, TD Cowen upped their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $315.30.
Get Our Latest Analysis on CBOE
Cboe Global Markets 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. 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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