256,049 Shares in Cboe Global Markets, Inc. $CBOE Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 256,049 shares of the company’s stock, valued at approximately $62,135,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Cboe Global Markets as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $26,000. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the second quarter worth $27,000. NFSG Corp bought a new stake in Cboe Global Markets during the first quarter worth $31,000. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at $33,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $280.75 on Thursday. The stock has a 50-day moving average price of $274.47 and a two-hundred day moving average price of $292.40. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a market capitalization of $29.78 billion, a PE ratio of 144.72 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 results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the previous year, the business posted $2.46 earnings per share. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced 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 represents a $3.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is presently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s 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 transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale 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 insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBOE shares. TD Cowen boosted their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Piper Sandler dropped their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $315.30.

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.