TD Waterhouse Canada Inc. Grows Holdings in Cboe Global Markets, Inc. $CBOE

TD Waterhouse Canada Inc. grew its position in Cboe Global Markets, Inc. (BATS:CBOE) by 197.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,611 shares of the company’s stock after acquiring an additional 41,587 shares during the period. TD Waterhouse Canada Inc. owned about 0.06% of Cboe Global Markets worth $15,529,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in Cboe Global Markets during the second quarter worth approximately $2,474,799,000. State Street Corp grew its holdings in Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares during the period. Geode Capital Management LLC increased its position in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after buying an additional 65,108 shares in the last quarter. Morgan Stanley increased its position in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after buying an additional 155,333 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $491,465,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Barclays increased their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Piper Sandler dropped their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $315.30.

Cboe Global Markets Stock Down 0.0%

Shares of BATS:CBOE opened at $298.38 on Friday. 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 fifty day moving average of $284.38 and a two-hundred day moving average of $294.98. The stock has a market cap of $31.65 billion, a P/E ratio of 153.80 and a beta of 0.61. 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 issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period last year, the company earned $2.46 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.86 per share. The ex-dividend date is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.