Elo Mutual Pension Insurance Co Makes New $2.13 Million Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Elo Mutual Pension Insurance Co bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,897 shares of the company’s stock, valued at approximately $2,129,000.

A number of other large investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Cboe Global Markets by 3.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 161,511 shares of the company’s stock valued at $31,533,000 after buying an additional 5,081 shares during the last quarter. Korea Investment CORP raised its position in shares of Cboe Global Markets by 10.1% during the 4th quarter. Korea Investment CORP now owns 55,750 shares of the company’s stock worth $10,894,000 after purchasing an additional 5,110 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $99,000. Zions Bancorporation N.A. boosted its position in Cboe Global Markets by 52.8% during the 4th quarter. Zions Bancorporation N.A. now owns 3,137 shares of the company’s stock valued at $613,000 after purchasing an additional 1,084 shares during the period. Finally, TD Asset Management Inc. grew its stake in Cboe Global Markets by 6.9% during the 4th quarter. TD Asset Management Inc. now owns 539,880 shares of the company’s stock worth $105,493,000 after buying an additional 34,924 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $222.68 on Friday. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $223.51. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.75 and a beta of 0.67. The firm’s fifty day moving average price is $209.79. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the firm posted $2.06 EPS. On average, research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. Cboe Global Markets’s payout ratio is currently 34.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a research note on Monday, January 6th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Barclays upped their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Bank of America lifted their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group lowered their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last ninety days. Insiders own 0.22% of the company’s stock.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.