Plato Investment Management Ltd Purchases New Shares in Cboe Global Markets, Inc. $CBOE

Plato Investment Management Ltd acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,514 shares of the company’s stock, valued at approximately $848,000.

A number of other institutional investors have also recently modified their holdings of CBOE. Global Retirement Partners LLC purchased a new position in Cboe Global Markets in the second quarter worth approximately $4,627,000. Bank of New York Mellon Corp acquired a new position in Cboe Global Markets in the 2nd quarter valued at about $117,351,000. Centric Wealth Management acquired a new position in Cboe Global Markets in the 2nd quarter valued at about $409,000. State of Wyoming purchased a new stake in Cboe Global Markets during the second quarter worth about $53,000. Finally, Avalon Trust Co purchased a new stake in Cboe Global Markets during the second quarter worth about $40,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 1.4%

Shares of BATS:CBOE opened at $290.99 on Wednesday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company’s 50 day moving average is $274.88 and its two-hundred day moving average is $292.29. The company has a market cap of $30.86 billion, a PE ratio of 150.00 and a beta of 0.61. 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 (BATS:CBOE) last released its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Ratings Changes

CBOE has been the subject of several recent research reports. Morgan Stanley reissued an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Piper Sandler dropped their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Barclays upped their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $315.30.

Insider Transactions at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company 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.