Cboe Global Markets, Inc. $CBOE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,244 shares of the company’s stock after selling 11,583 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cboe Global Markets were worth $73,147,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its holdings in Cboe Global Markets by 0.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 51,263 shares of the company’s stock worth $14,416,000 after acquiring an additional 303 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Cboe Global Markets in the first quarter valued at approximately $117,000. Oregon Public Employees Retirement Fund boosted its position in Cboe Global Markets by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock worth $3,371,000 after purchasing an additional 33 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in Cboe Global Markets by 0.9% in the 1st quarter. Frank Rimerman Advisors LLC now owns 7,417 shares of the company’s stock worth $2,085,000 after purchasing an additional 69 shares in the last quarter. Finally, Impact Investors Inc acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $230,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $0.22 on Friday, reaching $268.07. The company’s stock had a trading volume of 812,534 shares, compared to its average volume of 1,140,316. 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 has a market capitalization of $28.43 billion, a P/E ratio of 138.18 and a beta of 0.61. The stock has a 50-day moving average price of $299.74 and a 200-day moving average price of $287.22. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter last year, the firm posted $2.50 EPS. The business’s revenue was up 29.0% on a year-over-year basis. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBOE. Piper Sandler lifted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, Barclays decreased their price objective on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research report on Thursday. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $314.10.

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.