Legal & General Group Plc Purchases New Position in Cboe Global Markets, Inc. $CBOE

Legal & General Group Plc acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 724,754 shares of the company’s stock, valued at approximately $175,870,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth $25,000. Keating Financial Advisory Services Inc. purchased a new stake in Cboe Global Markets during the second quarter valued at $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the second quarter worth $27,000. Finally, NFSG Corp bought a new position in Cboe Global Markets during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.1%

Shares of BATS 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 business has a fifty day moving average price of $276.88 and a 200 day moving average price of $293.67. The stock has a market capitalization of $33.11 billion, a P/E ratio of 160.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its earnings results 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. The company had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal 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 given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis 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 presently 98.97%.

Analysts Set New Price Targets

Several brokerages have commented on CBOE. JPMorgan Chase & Co. upped their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. TD Cowen upped their price objective on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Barclays upped their price target on shares of Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $315.30.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were 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 $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 company 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.