Northwestern Mutual Wealth Management Co. Has $1.64 Million Stake in Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. lifted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 53.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,745 shares of the company’s stock after buying an additional 2,352 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $1,637,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new stake in Cboe Global Markets in the second quarter worth approximately $510,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Cboe Global Markets by 5.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after purchasing an additional 51,784 shares in the last quarter. New Mexico Educational Retirement Board increased its position in Cboe Global Markets by 8.3% during the second quarter. New Mexico Educational Retirement Board now owns 5,200 shares of the company’s stock worth $1,262,000 after buying an additional 400 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in Cboe Global Markets by 8.8% during the second quarter. Mufg Securities Americas Inc. now owns 3,152 shares of the company’s stock valued at $765,000 after buying an additional 256 shares in the last quarter. Finally, Nissay Asset Management Corp Japan lifted its position in shares of Cboe Global Markets by 4.9% in the second quarter. Nissay Asset Management Corp Japan now owns 14,240 shares of the company’s stock worth $3,456,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

CBOE opened at $298.38 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $284.38 and its two-hundred day moving average price is $294.98. The firm has a market capitalization of $31.65 billion, a P/E ratio of 153.80 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 issued its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 earnings per share. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share 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. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. 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 1.2%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CBOE shares. Piper Sandler lowered their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. TD Cowen increased their price target on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Loop Capital set a $380.00 price target on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Three equities research 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. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $315.30.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction 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 sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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.