Canada Pension Plan Investment Board bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 119,360 shares of the company’s stock, valued at approximately $28,965,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp purchased a new position in Cboe Global Markets in the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets during the 4th quarter worth approximately $26,000. Clearstead Trust LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $27,000. Finally, NFSG Corp acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $31,000. 81.73% of the stock is owned by hedge funds and other institutional investors.
Cboe Global Markets Trading Down 1.1%
BATS:CBOE opened at $310.45 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $279.40 and its two-hundred day moving average is $294.07. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company has a market cap of $32.93 billion, a PE ratio of 160.03 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. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. TD Cowen lifted their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Barclays upped their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. 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 note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $315.30.
Get Our Latest Analysis on Cboe Global Markets
Insider Activity
In related news, Director Janet P. Froetscher sold 937 shares of the business’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 transaction of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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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