Danske Bank A S Acquires New Stake in Cboe Global Markets, Inc. $CBOE

Danske Bank A S bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,623 shares of the company’s stock, valued at approximately $27,501,000. Danske Bank A S owned 0.11% of Cboe Global Markets as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in Cboe Global Markets by 36.6% in the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after acquiring an additional 3,119 shares during the period. Brindle & Bay Financial Advisors LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter worth $735,000. Bleakley Financial Group LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at $3,831,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $995,000. Finally, Vestcor Inc grew its position in shares of Cboe Global Markets by 37.1% during the 4th quarter. Vestcor Inc now owns 28,626 shares of the company’s stock valued at $7,185,000 after acquiring an additional 7,753 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 3.5%

Shares of CBOE stock opened at $280.75 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company’s fifty day moving average price is $274.47 and its 200-day moving average price is $292.40. The company has a market capitalization of $29.78 billion, a price-to-earnings ratio of 144.72 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the prior year, the firm posted $2.46 EPS. Cboe Global Markets’s quarterly revenue was up 24.6% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the topic of several analyst reports. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research note on Monday, August 3rd. Barclays lifted their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, UBS Group boosted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $315.30.

About Cboe Global Markets

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.