Royal London Asset Management Ltd. Sells 2,603 Shares of Cboe Global Markets, Inc. $CBOE

Royal London Asset Management Ltd. cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,870 shares of the company’s stock after selling 2,603 shares during the period. Royal London Asset Management Ltd.’s holdings in Cboe Global Markets were worth $12,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Emerald Investment Advisers LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $3,686,000. Danske Bank A S bought a new stake in shares of Cboe Global Markets during the second quarter valued at about $658,000. Pacer Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 36.6% in the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of Cboe Global Markets in the first quarter worth about $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $995,000. 81.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Stock Performance

Shares of CBOE opened at $300.20 on Tuesday. The company has a market cap of $31.84 billion, a PE ratio of 154.74 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. The stock has a 50-day moving average price of $280.29 and a 200-day moving average price of $294.35. 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 data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 earnings per share. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Analyst Upgrades and Downgrades

CBOE has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. UBS Group raised their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. TD Cowen raised their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Morgan Stanley restated an “underweight” rating and set a $258.00 price target 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.