OP Asset Management Ltd Invests $3.07 Million in Cboe Global Markets, Inc. $CBOE

OP Asset Management Ltd acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,934 shares of the company’s stock, valued at approximately $3,073,000.

A number of other hedge funds also recently bought and sold shares of CBOE. Assenagon Asset Management S.A. raised its stake in shares of Cboe Global Markets by 4.4% during the first quarter. Assenagon Asset Management S.A. now owns 3,753 shares of the company’s stock worth $1,055,000 after acquiring an additional 159 shares in the last quarter. Cidel Asset Management Inc. raised its position in Cboe Global Markets by 11.8% in the 1st quarter. Cidel Asset Management Inc. now owns 79,369 shares of the company’s stock worth $22,308,000 after purchasing an additional 8,402 shares during the period. Total Clarity Wealth Management Inc. lifted its stake in Cboe Global Markets by 4.6% in the first quarter. Total Clarity Wealth Management Inc. now owns 1,550 shares of the company’s stock worth $436,000 after purchasing an additional 68 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Cboe Global Markets by 50.4% during the first quarter. Capital Advisors Ltd. LLC now owns 185 shares of the company’s stock valued at $52,000 after buying an additional 62 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Cboe Global Markets by 10.4% during the first quarter. SG Americas Securities LLC now owns 104,175 shares of the company’s stock valued at $29,280,000 after buying an additional 9,814 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBOE. Loop Capital set a $263.00 target price on Cboe Global Markets in a research note on Monday, June 22nd. Barclays lifted their price target on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group boosted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, TD Cowen lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given 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 $310.70.

Insiders Place Their Bets

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 company insiders.

Cboe Global Markets Stock Down 1.1%

Shares of BATS:CBOE opened at $242.21 on Friday. The stock’s 50-day moving average is $309.69 and its 200 day moving average is $287.08. The company has a market cap of $25.69 billion, a PE ratio of 124.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $223.54 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the business posted $2.50 EPS. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $0.72 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets’s payout ratio is 98.97%.

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.