Cboe Global Markets, Inc. $CBOE Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich grew its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3,026.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,069 shares of the company’s stock after purchasing an additional 12,651 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Cboe Global Markets were worth $3,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Emerald Investment Advisers LLC acquired a new stake in Cboe Global Markets during the second quarter worth approximately $3,686,000. Danske Bank A S purchased a new position in shares of Cboe Global Markets during the 2nd quarter worth $658,000. Pacer Advisors Inc. lifted its stake in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares during the period. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth $3,831,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $995,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CBOE. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Loop Capital set a $380.00 price target on Cboe Global Markets in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Barclays increased their price objective 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. Finally, TD Cowen raised their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $315.30.

Cboe Global Markets Trading Down 0.0%

Shares of CBOE opened at $298.38 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.65 billion, a P/E ratio of 153.80 and a beta of 0.61. The stock’s fifty day simple moving average is $284.38 and its 200 day simple moving average is $294.98. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the previous year, the business earned $2.46 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.