J. Safra Sarasin Holding AG Makes New Investment in Cboe Global Markets, Inc. $CBOE

J. Safra Sarasin Holding AG bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, Holdings Channel.com reports. The fund bought 8,535 shares of the company’s stock, valued at approximately $2,396,000.

Several other large investors also recently modified their holdings of CBOE. Sound Income Strategies LLC increased its position in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in Cboe Global Markets during the fourth quarter worth about $26,000. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at about $31,000. Elyxium Wealth LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new position in shares of Cboe Global Markets in the 4th quarter valued at approximately $37,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent analyst reports. UBS Group upped their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Piper Sandler lifted their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $314.10.

Cboe Global Markets Stock Up 3.4%

Shares of BATS:CBOE opened at $277.13 on Tuesday. The firm has a market cap of $29.39 billion, a P/E ratio of 142.85 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. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The business has a fifty day simple moving average of $299.28 and a 200 day simple moving average of $287.63.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping 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 firm had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the previous year, the business earned $2.50 EPS. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. Analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’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 transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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.