Man Group plc Buys Shares of 167,126 Cboe Global Markets, Inc. $CBOE

Man Group plc purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, HoldingsChannel reports. The firm purchased 167,126 shares of the company’s stock, valued at approximately $40,556,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets during the second quarter worth $2,474,799,000. Deutsche Bank AG bought a new stake in Cboe Global Markets during the second quarter valued at $491,465,000. Norges Bank bought a new stake in Cboe Global Markets during the fourth quarter valued at $354,578,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $304,917,000. Finally, Legal & General Group Plc bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $175,870,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

CBOE opened at $312.19 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 160.92 and a beta of 0.61. The company’s fifty day moving average price is $276.88 and its two-hundred day moving average price is $293.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data 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. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS 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. Investors of record on Monday, August 31st will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CBOE. Barclays lifted their target price on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. UBS Group boosted their target price on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.