Cboe Global Markets, Inc. $CBOE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 232,447 shares of the company’s stock after selling 18,077 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cboe Global Markets were worth $63,990,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Cboe Global Markets in the 3rd quarter valued at about $7,744,000. Profund Advisors LLC lifted its position in Cboe Global Markets by 11.0% during the third quarter. Profund Advisors LLC now owns 1,011 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares during the last quarter. ProShare Advisors LLC lifted its position in Cboe Global Markets by 2.6% during the third quarter. ProShare Advisors LLC now owns 22,583 shares of the company’s stock worth $6,217,000 after acquiring an additional 567 shares during the last quarter. Vise Technologies Inc. lifted its position in Cboe Global Markets by 147.6% during the third quarter. Vise Technologies Inc. now owns 4,527 shares of the company’s stock worth $1,246,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Cboe Global Markets by 6.0% during the third quarter. Cidel Asset Management Inc. now owns 59,783 shares of the company’s stock worth $16,458,000 after acquiring an additional 3,366 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank Of Canada upped their target price on Cboe Global Markets from $303.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. lifted their price target on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen boosted their price target on Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $450.00 price objective on shares of Cboe Global Markets in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $363.00.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction 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. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 1.4%

Shares of CBOE opened at $344.28 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The firm’s 50 day moving average is $296.30 and its 200-day moving average is $292.65. The stock has a market capitalization of $36.52 billion, a PE ratio of 177.46 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.20. The business had revenue of $712.20 million during the quarter, compared to analysts’ expectations of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.67 earnings per share. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets announced that its board has initiated a stock repurchase program on Thursday, October 22nd that authorizes the company to buy back $550 million in shares. This buyback authorization authorizes the company to buy up to 1.6% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.