Principal Financial Group Inc. Buys 2,041 Shares of Cboe Global Markets, Inc. $CBOE

Principal Financial Group Inc. increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 149,824 shares of the company’s stock after acquiring an additional 2,041 shares during the period. Principal Financial Group Inc. owned 0.14% of Cboe Global Markets worth $42,111,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after purchasing an additional 120,021 shares during the period. State Street Corp grew its holdings in Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after purchasing an additional 65,108 shares during the period. Morgan Stanley raised its position in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after purchasing an additional 155,333 shares during the period. Finally, Invesco Ltd. raised its position in shares of Cboe Global Markets by 5.8% in the fourth quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock valued at $484,749,000 after purchasing an additional 105,168 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading Down 1.6%

Shares of Cboe Global Markets stock opened at $273.41 on Friday. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The company’s fifty day simple moving average is $293.80 and its 200-day simple moving average is $287.97. The company has a market cap of $29.00 billion, a price-to-earnings ratio of 140.93 and a beta of 0.61. 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 released its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the prior year, the company earned $2.50 EPS. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is presently 98.97%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Loop Capital set a $347.00 target price on shares of Cboe Global Markets in a report on Thursday, July 9th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley restated an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Finally, Barclays lowered their price target on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $314.00.

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.