Legal & General Group Plc Takes $175.87 Million Position in Cboe Global Markets, Inc. $CBOE

Legal & General Group Plc purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 724,754 shares of the company’s stock, valued at approximately $175,870,000. Legal & General Group Plc owned about 0.68% of Cboe Global Markets at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after purchasing an additional 100 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares during the last quarter. Empowered Funds LLC grew its position in Cboe Global Markets by 132.4% during the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after buying an additional 2,736 shares during the period. Woodline Partners LP grew its position in Cboe Global Markets by 40.7% during the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after buying an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Cboe Global Markets by 138.5% during the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after buying an additional 198 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Insider Activity at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $312.19 on Thursday. The company has a 50-day moving average price of $276.88 and a 200-day moving average price of $293.67. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 160.92 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, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the company earned $2.46 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Wall Street Analyst Weigh In

CBOE has been the topic of a number of research reports. Piper Sandler lowered their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. UBS Group boosted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $315.30.

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.