Cboe Global Markets, Inc. $CBOE Stake Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 365.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,241 shares of the company’s stock after purchasing an additional 57,498 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.07% of Cboe Global Markets worth $20,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the second quarter valued at $2,474,799,000. Deutsche Bank AG purchased a new position in Cboe Global Markets in the 2nd quarter worth about $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after buying an additional 51,784 shares during the period. Finally, Bank of America Corp DE raised its holdings in Cboe Global Markets by 10.1% during the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after buying an additional 68,742 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 2.8%

BATS:CBOE opened at $315.00 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The stock’s 50-day moving average is $289.05 and its two-hundred day moving average is $293.85. The stock has a market cap of $33.41 billion, a PE ratio of 162.37 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a $0.86 dividend. The ex-dividend date was Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the 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 sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen upped their price objective on shares of Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Wells Fargo & Company boosted their price target on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Finally, Barclays reduced their price target on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $321.91.

Cboe Global Markets Company 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.