9,425 Shares in Cboe Global Markets, Inc. $CBOE Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,425 shares of the company’s stock, valued at approximately $2,282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Cboe Global Markets by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after acquiring an additional 120,021 shares during the period. BlackRock Inc. bought a new position in Cboe Global Markets during the second quarter worth $2,474,799,000. State Street Corp raised its stake in Cboe Global Markets by 2.1% during the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares during the last quarter. Geode Capital Management LLC raised its stake in Cboe Global Markets by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after purchasing an additional 65,108 shares during the last quarter. Finally, Morgan Stanley raised its stake in Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after purchasing an additional 155,333 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $312.19 on Thursday. 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’s 50-day simple moving average is $276.88 and its 200-day simple moving average is $293.67. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The firm has a market cap of $33.11 billion, a P/E ratio of 160.92 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating 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 business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business 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 is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of several research analyst reports. 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. TD Cowen increased 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. Piper Sandler decreased their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets 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 stock. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $315.30.

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.