Man Group plc Makes New Investment in Cboe Global Markets, Inc. $CBOE

Man Group plc bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 167,126 shares of the company’s stock, valued at approximately $40,556,000. Man Group plc owned approximately 0.16% of Cboe Global Markets as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Cboe Global Markets in the second quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cboe Global Markets during the fourth quarter worth about $26,000. Keating Financial Advisory Services Inc. acquired a new position in Cboe Global Markets during the second quarter worth about $26,000. NFSG Corp bought a new position in shares of Cboe Global Markets in the first quarter worth about $31,000. Finally, Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $27,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen raised their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Finally, Piper Sandler decreased their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $315.30.

Cboe Global Markets Stock Up 1.1%

BATS:CBOE opened at $312.19 on Thursday. The firm’s 50 day simple moving average is $276.88 and its 200 day simple moving average is $293.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a market cap of $33.11 billion, a PE ratio of 160.92 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results 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 net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period in the previous year, the firm posted $2.46 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.86 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

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

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.