Northwestern Mutual Wealth Management Co. Cuts Stock Holdings in Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 81.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,802 shares of the company’s stock after selling 21,390 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $1,205,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CBOE. First Trust Advisors LP raised its holdings in shares of Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $107,052,000. Credit Agricole S A bought a new stake in shares of Cboe Global Markets in the 3rd quarter valued at about $70,475,000. Finally, Man Group plc raised its holdings in shares of Cboe Global Markets by 106.5% in the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after purchasing an additional 281,939 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was 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 in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. TD Cowen boosted their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Barclays lifted their target price on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group lifted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Price Performance

CBOE opened at $281.91 on Monday. The business’s 50-day moving average is $316.44 and its two-hundred day moving average is $285.96. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $29.90 billion, a PE ratio of 145.32 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the previous year, the firm earned $2.50 earnings per share. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is presently 98.97%.

About Cboe Global Markets

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.