Deutsche Bank AG Buys Shares of 2,025,238 Cboe Global Markets, Inc. $CBOE

Deutsche Bank AG bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,025,238 shares of the company’s stock, valued at approximately $491,465,000. Deutsche Bank AG owned approximately 1.91% of Cboe Global Markets at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $379,000. Trust Co. of Vermont bought a new stake in Cboe Global Markets during the second quarter worth $78,000. Principle Wealth Partners LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $340,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $62,135,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $848,000. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. TD Cowen boosted their target price on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating and issued a $258.00 target price on shares of Cboe Global Markets in a report on Friday, July 10th. Barclays raised their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, UBS Group lifted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $315.30.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets 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 directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Trading Down 0.4%

Shares of CBOE stock opened at $295.00 on Tuesday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The stock’s fifty day simple moving average is $274.87 and its 200 day simple moving average is $292.11. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.29 billion, a P/E ratio of 152.06 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating 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 firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period last year, the company earned $2.46 earnings per share. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.86 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.