KBC Group NV Acquires 21,483 Shares of Cboe Global Markets, Inc. $CBOE

KBC Group NV raised its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 112.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,670 shares of the company’s stock after buying an additional 21,483 shares during the quarter. KBC Group NV’s holdings in Cboe Global Markets were worth $11,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of CBOE. Oregon Public Employees Retirement Fund raised its stake in Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after purchasing an additional 33 shares in the last quarter. Kendall Capital Management grew its position in Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after acquiring an additional 40 shares in the last quarter. SHUTTLEWORTH & Co increased its stake in Cboe Global Markets by 0.5% in the fourth quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock valued at $2,093,000 after acquiring an additional 41 shares during the last quarter. Norinchukin Bank The raised its position in Cboe Global Markets by 0.7% during the third quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after purchasing an additional 42 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in shares of Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBOE. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Loop Capital set a $304.00 target price on shares of Cboe Global Markets in a research report on Monday. TD Cowen raised their price objective on Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a research note on Monday. Piper Sandler lowered their target price on 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, Barclays reduced their price target on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $303.60.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 2.7%

CBOE opened at $281.80 on Thursday. The stock has a market cap of $29.89 billion, a PE ratio of 145.26 and a beta of 0.61. 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 business has a 50 day moving average of $289.03 and a 200-day moving average of $288.73. 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 quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate 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 business had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter last year, the firm posted $2.50 earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s payout ratio is presently 98.97%.

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.