Mirae Asset Global Investments Co. Ltd. Buys New Stake in Cboe Global Markets, Inc. $CBOE

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,132 shares of the company’s stock, valued at approximately $7,744,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Cboe Global Markets during the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $304,917,000. Legal & General Group Plc purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $175,870,000. Finally, Bank of America Corp DE bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $162,794,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CBOE. Barclays boosted their price target on shares of Cboe Global Markets from $343.00 to $392.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and set a $450.00 price objective on shares of Cboe Global Markets in a research report on Friday, October 23rd. Finally, Wells Fargo & Company upped their target price on shares of Cboe Global Markets from $309.00 to $357.00 and gave the stock an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $363.00.

Get Our Latest Analysis on Cboe Global Markets

Key Headlines Impacting Cboe Global Markets

Here are the key news stories impacting Cboe Global Markets this week:

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 0.3%

Shares of BATS:CBOE opened at $345.21 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $297.03 and a two-hundred day simple moving average of $293.02. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The stock has a market capitalization of $36.61 billion, a price-to-earnings ratio of 177.94 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $712.20 million during the quarter, compared to the consensus estimate of $705.22 million. During the same period last year, the company earned $2.67 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 22nd that allows the company to buy back $550 million in shares. This buyback authorization allows the company to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Profile

(Free Report)

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.

See Also

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).

Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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