Norges Bank Takes $354.58 Million Position in Cboe Global Markets, Inc. $CBOE

Norges Bank acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,412,661 shares of the company’s stock, valued at approximately $354,578,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $33,000. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $31,000. Finally, Ameriflex Group Inc. grew its position in Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

CBOE stock opened at $300.99 on Tuesday. The business has a 50 day moving average price of $316.37 and a 200 day moving average price of $285.31. The stock has a market cap of $31.92 billion, a price-to-earnings ratio of 155.15 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $218.14 and a fifty-two week high of $371.18. 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 (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating 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 analysts’ expectations of $688.36 million. During the same quarter in the previous year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several research reports. 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. Loop Capital set a $382.00 price objective on Cboe Global Markets in a research note on Monday, May 4th. Piper Sandler lifted their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Argus upgraded Cboe Global Markets to a “hold” rating in a research note on Wednesday, March 11th. Finally, Erste Group Bank assumed coverage on Cboe Global Markets in a research note on Tuesday, May 12th. They issued a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $322.60.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

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.