Northwestern Mutual Wealth Management Co. Buys 635,199 Shares of Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2,425.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,391 shares of the company’s stock after purchasing an additional 635,199 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.63% of Cboe Global Markets worth $166,009,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 55 shares during the period. Headlands Technologies LLC acquired a new position in Cboe Global Markets in the second quarter valued at approximately $31,000. Ameriflex Group Inc. lifted its holdings in Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after buying an additional 76 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Cboe Global Markets in the third quarter valued at approximately $45,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Trading Up 1.2%

CBOE opened at $363.02 on Friday. The firm’s fifty day moving average is $303.68 and its two-hundred day moving average is $277.22. 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 firm has a market cap of $38.50 billion, a PE ratio of 187.12 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $217.85 and a twelve month high of $367.91.

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. The company had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the business posted $2.50 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.72 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 0.8%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

Several brokerages recently weighed in on CBOE. Piper Sandler increased their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Erste Group Bank began coverage on shares of Cboe Global Markets in a report on Tuesday, May 12th. They issued a “buy” rating on the stock. Morgan Stanley increased their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. UBS Group increased their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $322.60.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 5,695 shares of company stock worth $1,628,981. Company insiders own 0.51% of the company’s stock.

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.