Norges Bank Invests $354.58 Million in Cboe Global Markets, Inc. $CBOE

Norges Bank purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,412,661 shares of the company’s stock, valued at approximately $354,578,000. Norges Bank owned 1.35% of Cboe Global Markets as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Eurizon SLJ Capital Ltd purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $2,641,000. Eurizon Capital SGR S.p.A. purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $32,143,000. Fideuram Asset Management Ireland dac purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $995,000. National Pension Service lifted its holdings in Cboe Global Markets by 3.2% during the fourth quarter. National Pension Service now owns 169,938 shares of the company’s stock valued at $42,654,000 after purchasing an additional 5,343 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $259,000. 81.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CBOE shares. TD Cowen boosted their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. 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 report on Monday, May 4th. Erste Group Bank started coverage on shares of Cboe Global Markets in a research report on Tuesday, May 12th. They issued a “buy” rating on the stock. Barclays boosted their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $322.60.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the 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 sale, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 9.8%

CBOE stock opened at $300.99 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a twelve month low of $218.14 and a twelve month high of $371.18. The stock has a market capitalization of $31.92 billion, a price-to-earnings ratio of 155.15 and a beta of 0.61. The firm’s fifty day simple moving average is $316.37 and its two-hundred day simple moving average is $285.31.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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.