Royal London Asset Management Ltd. Lowers Stock Holdings in Cboe Global Markets, Inc. $CBOE

Royal London Asset Management Ltd. decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 4.8% during the second quarter, HoldingsChannel reports. The firm owned 51,870 shares of the company’s stock after selling 2,603 shares during the period. Royal London Asset Management Ltd.’s holdings in Cboe Global Markets were worth $12,587,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its holdings 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 purchasing an additional 33 shares in the last quarter. SHUTTLEWORTH & Co raised its holdings in shares of Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after buying an additional 41 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Cboe Global Markets by 4.7% during the 1st quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after buying an additional 41 shares in the last quarter. Centaurus Financial Inc. lifted its position in Cboe Global Markets by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after buying an additional 42 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after buying an additional 42 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CBOE shares. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Loop Capital set a $380.00 target price on shares of Cboe Global Markets in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. UBS Group boosted 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. Finally, TD Cowen upped their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $300.20 on Tuesday. The firm has a market capitalization of $31.84 billion, a price-to-earnings ratio of 154.74 and a beta of 0.61. The stock has a fifty day moving average of $280.29 and a 200 day moving average of $294.35. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 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 posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 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 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. 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 dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.