The Manufacturers Life Insurance Company Purchases New Position in Cboe Global Markets, Inc. $CBOE

The Manufacturers Life Insurance Company acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 206,700 shares of the company’s stock, valued at approximately $50,159,000. The Manufacturers Life Insurance Company owned 0.19% of Cboe Global Markets at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Emerald Investment Advisers LLC bought a new position in shares of Cboe Global Markets in the second quarter worth $3,686,000. Danske Bank A S purchased a new position in shares of Cboe Global Markets in the second quarter valued at $658,000. Pacer Advisors Inc. raised 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 valued at $2,921,000 after purchasing an additional 3,119 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Cboe Global Markets during the 4th quarter worth about $995,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on CBOE shares. Loop Capital set a $380.00 target price on Cboe Global Markets in a research note on Monday, August 3rd. TD Cowen upped their price target on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Barclays increased their price target 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. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Finally, Keefe, Bruyette & Woods boosted 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 research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Trading Up 1.1%

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. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The stock has a market cap of $33.11 billion, a P/E ratio of 160.92 and a beta of 0.61. The firm’s fifty day moving average price is $276.88 and its 200-day moving average price is $293.67.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same quarter last year, the company earned $2.46 earnings per share. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets 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. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 currently owned by insiders.

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.