Cboe Global Markets, Inc. $CBOE Shares Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 10,523.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,887 shares of the company’s stock after buying an additional 4,841 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Cboe Global Markets were worth $1,345,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marion Wealth Management boosted its stake in Cboe Global Markets by 2.7% in the 3rd quarter. Marion Wealth Management now owns 11,276 shares of the company’s stock worth $3,104,000 after purchasing an additional 300 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Cboe Global Markets during the 3rd quarter worth approximately $2,136,000. Albion Financial Group UT acquired a new position in Cboe Global Markets during the 3rd quarter valued at approximately $55,000. City State Bank increased its stake in Cboe Global Markets by 117.3% during the 3rd quarter. City State Bank now owns 652 shares of the company’s stock valued at $179,000 after purchasing an additional 352 shares in the last quarter. Finally, 365 WMG Private Fund I Primus Fund LLC purchased a new position in shares of Cboe Global Markets in the third quarter worth $224,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays lowered their price objective on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Morgan Stanley reissued an “overweight” rating and issued a $450.00 target price on shares of Cboe Global Markets in a research report on Friday. TD Cowen upped their target price on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research report on Monday, October 12th. The Goldman Sachs Group upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, Loop Capital set a $343.00 price target on Cboe Global Markets in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $330.27.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $340.42 on Friday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The business’s 50 day moving average price is $291.19 and its 200 day moving average price is $294.65. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $36.11 billion, a P/E ratio of 175.48 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the firm posted $2.46 EPS. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.86 dividend. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 22nd that authorizes the company to buy back $550.00 million in shares. This buyback authorization authorizes the company to repurchase up to 1.6% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by 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.