Cboe Global Markets, Inc. $CBOE Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,960 shares of the company’s stock after selling 1,520 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cboe Global Markets were worth $12,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. Physician Wealth Advisors Inc. raised its position in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Elyxium Wealth LLC purchased a new stake in Cboe Global Markets in the fourth quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the second quarter valued at $31,000. Finally, Ameriflex Group Inc. raised its position in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

CBOE opened at $360.92 on Thursday. The stock’s 50-day moving average price is $307.53 and its 200 day moving average price is $280.18. Cboe Global Markets, Inc. has a 12-month low of $218.14 and a 12-month high of $371.18. 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 firm has a market cap of $38.28 billion, a price-to-earnings ratio of 186.04 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, topping 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 firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the company earned $2.50 EPS. Cboe Global Markets’s revenue was up 29.0% on a year-over-year basis. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 0.8%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Activity

In related news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. This represents a 37.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on CBOE. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Erste Group Bank began coverage on Cboe Global Markets in a research report on Tuesday, May 12th. They issued a “buy” rating on the stock. TD Cowen lifted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, 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 report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Company 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.