United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 10,500 shares of the company’s stock, valued at approximately $2,636,000.
Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC acquired a new stake in Cboe Global Markets in the 3rd quarter worth about $4,156,000. Andra AP fonden lifted its stake in Cboe Global Markets by 7.9% in the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares in the last quarter. Nordea Investment Management AB lifted its stake in Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cboe Global Markets by 12.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,195 shares of the company’s stock worth $8,632,000 after purchasing an additional 3,915 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in Cboe Global Markets by 503.5% in the 3rd quarter. AlphaQuest LLC now owns 12,927 shares of the company’s stock worth $3,170,000 after purchasing an additional 10,785 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CBOE. Morgan Stanley raised their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Erste Group Bank began coverage on shares of Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating on the stock. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Barclays raised their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $322.60.
Cboe Global Markets Stock Down 3.1%
CBOE stock opened at $333.56 on Friday. The firm has a market cap of $35.38 billion, a PE ratio of 171.94 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. The firm’s 50 day moving average price is $316.03 and its 200-day moving average price is $284.83. Cboe Global Markets, Inc. has a one year low of $218.14 and a one year high of $371.18.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.50 EPS. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.
Cboe Global Markets Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.
Insider Activity at Cboe Global Markets
In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Cboe Global Markets
- MarketBeat Week in Review – 05/25 – 05/29
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (BATS:CBOE – Free Report).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.
