Korea Investment CORP Takes $6.05 Million Position in Cboe Global Markets, Inc. $CBOE

Korea Investment CORP purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, Holdings Channel reports. The fund purchased 24,917 shares of the company’s stock, valued at approximately $6,047,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after buying an additional 100 shares during the last quarter. Jones Financial Companies Lllp raised its position in Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after acquiring an additional 2,736 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after acquiring an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cboe Global Markets by 138.5% during the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after acquiring an additional 198 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

CBOE stock opened at $308.09 on Tuesday. The stock’s 50 day moving average price is $274.86 and its 200 day moving average price is $293.14. The firm has a market cap of $32.68 billion, a P/E ratio of 158.81 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the prior year, the firm earned $2.46 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.86 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CBOE. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. TD Cowen increased their target price on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Barclays lifted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Three investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $315.30.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets 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 transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

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.