Dai ichi Life Insurance Company Ltd Lowers Stake in Cboe Global Markets, Inc. $CBOE

Dai ichi Life Insurance Company Ltd lowered its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,314 shares of the company’s stock after selling 1,983 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Cboe Global Markets were worth $9,926,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in Cboe Global Markets by 13.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after purchasing an additional 7,012 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares in the last quarter. Brindle & Bay Financial Advisors LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth $735,000. Robeco Institutional Asset Management B.V. raised its position in shares of Cboe Global Markets by 3.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock valued at $113,892,000 after buying an additional 15,648 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at about $3,831,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 0.1%

Shares of CBOE opened at $285.07 on Friday. The company’s 50-day simple moving average is $286.00 and its 200-day simple moving average is $288.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The stock has a market capitalization of $30.24 billion, a PE ratio of 146.94 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released 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 during the quarter, compared to analyst estimates of $688.36 million. During the same period last year, the business posted $2.50 earnings per share. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Loop Capital set a $304.00 price objective on Cboe Global Markets in a research note on Monday. TD Cowen raised their target price on Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. UBS Group boosted their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $303.60.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 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.