Cboe Global Markets, Inc. $CBOE Stock Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,759 shares of the company’s stock after purchasing an additional 1,636 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Cboe Global Markets were worth $4,910,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Cboe Global Markets during the second quarter valued at $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after acquiring an additional 51,784 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cboe Global Markets by 2.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after acquiring an additional 17,321 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other news, Director Janet 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 value of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, 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 filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CBOE. Morgan Stanley reissued an “overweight” rating and set a $450.00 price objective on shares of Cboe Global Markets in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Wells Fargo & Company lifted their target price on shares of Cboe Global Markets from $309.00 to $357.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Royal Bank Of Canada boosted their price target on Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, October 30th. Finally, Piper Sandler cut their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $363.00.

Cboe Global Markets Stock Up 0.1%

Shares of CBOE traded up $0.20 during trading hours on Friday, hitting $353.27. The company had a trading volume of 1,014,794 shares, compared to its average volume of 1,141,226. The firm has a fifty day moving average price of $298.63 and a 200-day moving average price of $293.83. 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 capitalization of $37.47 billion, a price-to-earnings ratio of 182.10 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $712.20 million for the quarter, compared to analysts’ expectations of $705.22 million. During the same quarter in the previous year, the business posted $2.67 EPS. Cboe Global Markets’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase program on Thursday, October 22nd that permits the company to repurchase $550 million in shares. This repurchase authorization permits the company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Announces Dividend

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

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.