Sumitomo Mitsui Trust Group Inc. Cuts Stock Position in Cboe Global Markets, Inc. $CBOE

Sumitomo Mitsui Trust Group Inc. cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 4.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 260,244 shares of the company’s stock after selling 11,583 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Cboe Global Markets worth $73,147,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in shares of Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after buying an additional 33 shares during the last quarter. Kendall Capital Management boosted its stake in Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after acquiring an additional 40 shares in the last quarter. SHUTTLEWORTH & Co boosted its stake in Cboe Global Markets by 0.5% in the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after acquiring an additional 41 shares in the last quarter. Norinchukin Bank The grew its holdings in Cboe Global Markets by 0.7% in the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after purchasing an additional 42 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE traded up $0.22 during trading hours on Friday, reaching $268.07. 812,534 shares of the company traded hands, compared to its average volume of 1,140,316. The stock has a market capitalization of $28.43 billion, a P/E ratio of 138.18 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The business has a fifty day moving average price of $299.74 and a 200-day moving average price of $287.22.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter last year, the business posted $2.50 EPS. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’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 completion of the transaction, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CBOE shares. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD Cowen upped 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. Loop Capital set a $347.00 price target on Cboe Global Markets in a research note on Thursday. Morgan Stanley reissued an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday. Finally, Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $314.10.

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.