Resona Asset Management Co. Ltd. Cuts Holdings in Cboe Global Markets, Inc. $CBOE

Resona Asset Management Co. Ltd. decreased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,960 shares of the company’s stock after selling 1,520 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Cboe Global Markets were worth $12,820,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Csenge Advisory Group increased its holdings in Cboe Global Markets by 80.8% during the 4th quarter. Csenge Advisory Group now owns 1,945 shares of the company’s stock worth $488,000 after purchasing an additional 869 shares during the period. HighTower Advisors LLC increased its holdings in Cboe Global Markets by 14.0% during the 4th quarter. HighTower Advisors LLC now owns 65,204 shares of the company’s stock worth $16,366,000 after purchasing an additional 8,011 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in Cboe Global Markets by 11.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,451 shares of the company’s stock worth $866,000 after purchasing an additional 351 shares during the period. Gambit Capital Management LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth about $212,000. Finally, Passumpsic Savings Bank purchased a new stake in Cboe Global Markets during the 4th quarter worth about $2,045,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Argus upgraded Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. Finally, Piper Sandler increased their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $322.60.

Cboe Global Markets Trading Down 0.6%

CBOE opened at $360.92 on Thursday. The company has a market cap of $38.28 billion, a P/E ratio of 186.04 and a beta of 0.61. 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 one year low of $218.14 and a one year high of $371.18. The business’s 50-day simple moving average is $307.53 and its 200-day simple moving average is $280.18.

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. The firm had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.50 EPS. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a document filed 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. Also, CAO Allen Wilkinson sold 248 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Company 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.