Canada Pension Plan Investment Board Buys New Shares in Cboe Global Markets, Inc. $CBOE

Canada Pension Plan Investment Board bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,360 shares of the company’s stock, valued at approximately $28,965,000. Canada Pension Plan Investment Board owned 0.11% of Cboe Global Markets at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CBOE. Jones Financial Companies Lllp acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the fourth quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cboe Global Markets in the second quarter worth approximately $26,000. NFSG Corp purchased a new stake in Cboe Global Markets in the first quarter valued at approximately $31,000. Finally, Clearstead Trust LLC purchased a new stake in Cboe Global Markets in the second quarter valued at approximately $27,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction 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 Trading Down 1.1%

BATS:CBOE opened at $310.45 on Friday. The business’s 50-day moving average is $279.40 and its two-hundred day moving average is $294.07. The firm has a market capitalization of $32.93 billion, a PE ratio of 160.03 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. 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 (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 return on equity of 20.05% and a net margin of 5.77%.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 business earned $2.46 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared 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. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. TD Cowen lifted their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Piper Sandler dropped their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price 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.