Cboe Global Markets, Inc. $CBOE Shares Bought by DNB Asset Management AS

DNB Asset Management AS raised its position in Cboe Global Markets, Inc. (BATS:CBOE) by 7.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,145 shares of the company’s stock after acquiring an additional 1,596 shares during the quarter. DNB Asset Management AS’s holdings in Cboe Global Markets were worth $5,809,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after purchasing an additional 3,987 shares in the last quarter. Empowered Funds LLC lifted its stake in Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP lifted its stake in Cboe Global Markets by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after purchasing an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,695 shares of company stock valued at $1,628,981. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Up 0.9%

CBOE stock opened at $366.28 on Tuesday. The firm has a market cap of $38.85 billion, a PE ratio of 188.81 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 $305.06 and its 200-day moving average price is $278.39. Cboe Global Markets, Inc. has a one year low of $218.14 and a one year high of $370.32.

Cboe Global Markets (BATS:CBOE) 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 0.8%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBOE. Loop Capital set a $382.00 target price on shares of Cboe Global Markets in a research note on Monday, May 4th. 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. TD Cowen raised their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Argus raised shares of Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, UBS Group raised their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $322.60.

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.