Rakuten Investment Management Inc. Buys New Stake in Cboe Global Markets, Inc. $CBOE

Rakuten Investment Management Inc. purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,123 shares of the company’s stock, valued at approximately $3,964,000.

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

Analysts Set New Price Targets

CBOE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Piper Sandler decreased their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. TD Cowen raised their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $310.45 on Monday. The company has a market capitalization of $32.93 billion, a P/E ratio of 160.03 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The business’s 50 day moving average is $279.40 and its two-hundred day moving average is $294.17. 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 earnings results 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. 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 analysts’ expectations of $716.61 million. During the same period last year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

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

Cboe Global Markets 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.