Cboe Global Markets, Inc. $CBOE Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,074 shares of the company’s stock after purchasing an additional 43,762 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.22% of Cboe Global Markets worth $65,510,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Sound Income Strategies LLC raised its position in shares of Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $26,000. NFSG Corp purchased a new stake in Cboe Global Markets during the first quarter valued at about $31,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the second quarter valued at about $31,000. Finally, Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Keefe, Bruyette & Woods boosted their target price 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. Loop Capital set a $288.00 target price on shares of Cboe Global Markets in a research report on Tuesday. Barclays cut their price target on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, UBS Group lifted 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. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $300.73.

Cboe Global Markets Trading Up 3.5%

Shares of CBOE opened at $307.81 on Thursday. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The stock’s 50-day moving average is $282.07 and its two-hundred day moving average is $290.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $32.65 billion, a PE ratio of 158.67 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted 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 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 earned $2.50 earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction that occurred 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 sale, the director owned 13,807 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate 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.