Westpac Banking Corp trimmed its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 97.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216 shares of the company’s stock after selling 7,953 shares during the quarter. Westpac Banking Corp’s holdings in Cboe Global Markets were worth $30,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Clear Street Markets LLC grew its holdings in Cboe Global Markets by 93.5% during the 1st quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Cboe Global Markets by 3,771.4% during the 1st quarter. Global Retirement Partners LLC now owns 271 shares of the company’s stock worth $37,000 after acquiring an additional 264 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Cboe Global Markets by 64.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $37,000 after acquiring an additional 107 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Cboe Global Markets by 68.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 296 shares of the company’s stock worth $41,000 after acquiring an additional 120 shares during the last quarter. Finally, City State Bank bought a new stake in Cboe Global Markets during the 2nd quarter worth approximately $41,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CBOE. UBS Group boosted their target price on shares of Cboe Global Markets from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Barclays upped their price objective on shares of Cboe Global Markets from $155.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 10th. Argus lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Deutsche Bank Aktiengesellschaft lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 price objective on the stock. in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Oppenheimer upped their price objective on shares of Cboe Global Markets from $161.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $161.27.
Insider Activity at Cboe Global Markets
In related news, COO Christopher A. Isaacson sold 3,850 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $149.08, for a total value of $573,958.00. Following the sale, the chief operating officer now directly owns 54,599 shares of the company’s stock, valued at $8,139,618.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by insiders.
Cboe Global Markets Stock Performance
CBOE opened at $176.75 on Tuesday. The company has a market cap of $18.75 billion, a price-to-earnings ratio of 91.11 and a beta of 0.61. The company’s fifty day moving average price is $162.98 and its two-hundred day moving average price is $148.62. 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, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00.
Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its earnings results on Friday, November 3rd. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.20. The firm had revenue of $480.50 million during the quarter, compared to analyst estimates of $479.89 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.74 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Wednesday, November 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.
Cboe Global Markets declared that its board has approved a stock repurchase program on Thursday, October 26th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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.
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