Cboe Global Markets, Inc. $CBOE Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.0% in the 3rd quarter, Holdings Channel reports. The firm owned 875,775 shares of the company’s stock after purchasing an additional 17,321 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Cboe Global Markets were worth $236,512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CBOE. BlackRock Inc. purchased a new position in Cboe Global Markets in the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG acquired a new stake in Cboe Global Markets during the 2nd quarter worth $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth $304,917,000. Legal & General Group Plc acquired a new stake in Cboe Global Markets during the 2nd quarter worth $175,870,000. Finally, Bank of America Corp DE purchased a new stake in shares of Cboe Global Markets during the second quarter worth $162,794,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal 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 owned by company insiders.

Cboe Global Markets Price Performance

BATS:CBOE opened at $315.00 on Wednesday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $33.41 billion, a PE ratio of 162.37 and a beta of 0.61. The stock has a 50 day moving average price of $289.05 and a 200 day moving average price of $293.85.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data 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. The company had revenue of $731.60 million for 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 firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid 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 was Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. TD Cowen boosted their price target on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Piper Sandler dropped their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Morgan Stanley raised shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $258.00 to $358.00 in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $321.91.

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.