Northwestern Mutual Wealth Management Co. Purchases 2,352 Shares of Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. raised its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 53.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,745 shares of the company’s stock after buying an additional 2,352 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $1,637,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Emerald Investment Advisers LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $3,686,000. Danske Bank A S bought a new stake in Cboe Global Markets in the second quarter valued at $658,000. Pacer Advisors Inc. grew its position in Cboe Global Markets by 36.6% in the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after acquiring an additional 3,119 shares during the period. Bleakley Financial Group LLC acquired a new position in Cboe Global Markets during the first quarter worth $3,831,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Cboe Global Markets during the fourth quarter valued at $995,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the topic of several analyst reports. Barclays upped their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Piper Sandler decreased their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen lifted their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $315.30.

Insider Buying and Selling

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Down 0.0%

Shares of BATS:CBOE opened at $298.38 on Friday. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company’s 50-day moving average price is $284.38 and its two-hundred day moving average price is $294.98. 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 cap of $31.65 billion, a P/E ratio of 153.80 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the prior year, the business earned $2.46 earnings per share. Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Cboe Global Markets 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.