CIBC Asset Management Inc Acquires 11,327 Shares of Cboe Global Markets, Inc. $CBOE

CIBC Asset Management Inc boosted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 25.1% in the fourth quarter, HoldingsChannel reports. The firm owned 56,451 shares of the company’s stock after acquiring an additional 11,327 shares during the period. CIBC Asset Management Inc’s holdings in Cboe Global Markets were worth $14,169,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sound Income Strategies LLC boosted its stake in shares of Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Elyxium Wealth LLC bought a new position in Cboe Global Markets during the fourth quarter worth about $33,000. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth about $31,000. Finally, Ameriflex Group Inc. grew its position in shares of Cboe Global Markets by 97.4% during the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after buying an additional 76 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. 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 report on Monday, May 4th. Barclays upped their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $322.60.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $286.03 on Friday. The business has a 50 day simple moving average of $316.35 and a 200 day simple moving average of $285.79. Cboe Global Markets, Inc. has a 52-week low of $218.14 and a 52-week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $30.34 billion, a price-to-earnings ratio of 147.44 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 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 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.