Cibc World Market Inc. Invests $1.58 Million in Cboe Global Markets, Inc. $CBOE

Cibc World Market Inc. purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 6,503 shares of the company’s stock, valued at approximately $1,578,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $2,282,000. Osmosis Investment Management UK Ltd purchased a new position in shares of Cboe Global Markets in the 2nd quarter valued at approximately $1,028,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cboe Global Markets during the second quarter worth approximately $41,165,000. Pinnacle Holdings LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth approximately $52,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Cboe Global Markets during the second quarter worth $2,930,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity

In related news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $313.95 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $278.18 and a 200-day simple moving average of $293.96. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 161.83 and a beta of 0.61. 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 posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 earnings per share. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CBOE shares. Piper Sandler lowered their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Erste Group Bank downgraded 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 issued a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, Loop Capital set a $380.00 target price on shares of Cboe Global Markets in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Company 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.