Saudi Central Bank Grows Stock Position in Cboe Global Markets, Inc. $CBOE

Saudi Central Bank grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 89.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,332 shares of the company’s stock after buying an additional 3,469 shares during the quarter. Saudi Central Bank’s holdings in Cboe Global Markets were worth $1,779,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Emerald Investment Advisers LLC acquired a new position in Cboe Global Markets in the second quarter valued at approximately $3,686,000. Danske Bank A S purchased a new stake in Cboe Global Markets in the 2nd quarter worth approximately $658,000. Pacer Advisors Inc. grew its stake in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $995,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen upped their price objective on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Erste Group Bank cut Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Morgan Stanley restated an “underweight” rating and set a $258.00 target price 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 issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $315.30.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred 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 sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 currently owned by company insiders.

Cboe Global Markets Stock Down 1.7%

Shares of BATS CBOE opened at $293.33 on Wednesday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. 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 company’s 50-day simple moving average is $286.73 and its 200-day simple moving average is $295.27. The firm has a market cap of $31.11 billion, a price-to-earnings ratio of 151.20 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the previous year, the firm posted $2.46 EPS. Cboe Global Markets’s revenue was up 24.6% compared to the same quarter last year. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

About Cboe Global Markets

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.