Cboe Global Markets, Inc. (CBOE) Position Boosted by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,983 shares of the financial services provider’s stock after acquiring an additional 20,103 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.33% of Cboe Global Markets worth $39,821,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in Cboe Global Markets by 3.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 460,966 shares of the financial services provider’s stock valued at $42,133,000 after acquiring an additional 15,956 shares in the last quarter. American Century Companies Inc. grew its stake in Cboe Global Markets by 135.3% during the second quarter. American Century Companies Inc. now owns 1,258,358 shares of the financial services provider’s stock valued at $115,014,000 after acquiring an additional 723,512 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Cboe Global Markets by 16.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 35,010 shares of the financial services provider’s stock valued at $3,201,000 after acquiring an additional 5,010 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Cboe Global Markets during the second quarter valued at approximately $3,830,000. Finally, Tobam purchased a new position in Cboe Global Markets during the second quarter valued at approximately $27,164,000. 81.38% of the stock is owned by institutional investors.
Shares of Cboe Global Markets, Inc. (NASDAQ CBOE) traded up $2.75 on Tuesday, hitting $119.23. 1,413,300 shares of the stock were exchanged, compared to its average volume of 1,093,512. The company has a market cap of $13,140.00, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.49. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.46. Cboe Global Markets, Inc. has a 1 year low of $67.85 and a 1 year high of $119.29.
Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The firm had revenue of $269.70 million during the quarter, compared to analyst estimates of $270.14 million. Cboe Global Markets had a net margin of 9.86% and a return on equity of 8.41%. The business’s quarterly revenue was up 98.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. equities research analysts forecast that Cboe Global Markets, Inc. will post 3.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.91%. Cboe Global Markets’s payout ratio is 58.38%.
Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $108.00 price objective on shares of Cboe Global Markets in a research note on Thursday, October 12th. Deutsche Bank AG boosted their price target on shares of Cboe Global Markets from $106.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Barclays PLC started coverage on shares of Cboe Global Markets in a research note on Friday, September 8th. They issued an “equal weight” rating and a $105.00 price target for the company. Zacks Investment Research cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of Cboe Global Markets from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $105.36.
In related news, Director Frank E. Jr. English sold 700 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $99.59, for a total transaction of $69,713.00. Following the completion of the sale, the director now directly owns 4,514 shares in the company, valued at approximately $449,549.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher A. Isaacson sold 7,020 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $100.61, for a total transaction of $706,282.20. Following the sale, the vice president now owns 97,897 shares of the company’s stock, valued at $9,849,417.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,720 shares of company stock valued at $1,740,075. Company insiders own 1.86% of the company’s stock.
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Cboe Global Markets Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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