Principal Financial Group Inc. Purchases 2,041 Shares of Cboe Global Markets, Inc. $CBOE

Principal Financial Group Inc. lifted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 1.4% in the first quarter, HoldingsChannel.com reports. The firm owned 149,824 shares of the company’s stock after acquiring an additional 2,041 shares during the period. Principal Financial Group Inc.’s holdings in Cboe Global Markets were worth $42,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. Elyxium Wealth LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at $33,000. Finally, DV Equities LLC bought a new position in shares of Cboe Global Markets during the 4th quarter worth about $37,000. 81.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’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 transaction, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. 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 company insiders.

Cboe Global Markets Stock Down 1.6%

Shares of BATS CBOE opened at $273.41 on Friday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The business has a fifty day moving average of $293.80 and a two-hundred day moving average of $287.97. The stock has a market cap of $29.00 billion, a PE ratio of 140.93 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 for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business 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 firm earned $2.50 EPS. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBOE. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. UBS Group raised their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Loop Capital set a $347.00 price objective on Cboe Global Markets in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $314.00.

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.