Sumitomo Mitsui Trust Holdings Inc. boosted its position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,807 shares of the company’s stock after purchasing an additional 3,611 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.38% of Cboe Global Markets worth $53,670,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in CBOE. Vanguard Group Inc. lifted its position in shares of Cboe Global Markets by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,382,015 shares of the company’s stock valued at $1,416,751,000 after acquiring an additional 185,967 shares during the period. Geode Capital Management LLC lifted its position in shares of Cboe Global Markets by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 2,319,646 shares of the company’s stock valued at $290,558,000 after acquiring an additional 84,812 shares during the period. Morgan Stanley lifted its position in shares of Cboe Global Markets by 86.7% during the 4th quarter. Morgan Stanley now owns 1,310,493 shares of the company’s stock valued at $164,428,000 after acquiring an additional 608,728 shares during the period. Norges Bank bought a new stake in shares of Cboe Global Markets during the 4th quarter valued at $159,764,000. Finally, Invesco Ltd. lifted its position in shares of Cboe Global Markets by 17.1% during the 1st quarter. Invesco Ltd. now owns 933,791 shares of the company’s stock valued at $106,845,000 after acquiring an additional 136,328 shares during the period. 81.73% of the stock is currently owned by institutional investors.
Insider Activity
In other news, COO Christopher A. Isaacson sold 3,850 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $133.98, for a total value of $515,823.00. Following the completion of the sale, the chief operating officer now owns 61,349 shares of the company’s stock, valued at $8,219,539.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John P. Sexton sold 2,999 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $138.00, for a total transaction of $413,862.00. Following the sale, the executive vice president now owns 16,793 shares in the company, valued at approximately $2,317,434. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 3,850 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $133.98, for a total value of $515,823.00. Following the sale, the chief operating officer now owns 61,349 shares in the company, valued at approximately $8,219,539.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,849 shares of company stock valued at $5,141,405. Company insiders own 0.51% of the company’s stock.
Cboe Global Markets Price Performance
Cboe Global Markets (BATS:CBOE – Get Free Report) last issued its earnings results on Friday, May 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $471.40 million during the quarter, compared to analysts’ expectations of $482.03 million. During the same quarter in the prior year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.
Cboe Global Markets Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. Cboe Global Markets’s payout ratio is 98.97%.
Analyst Ratings Changes
A number of analysts have recently weighed in on CBOE shares. Barclays started coverage on Cboe Global Markets in a research report on Wednesday, June 28th. They set an “equal weight” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $147.00 to $148.00 in a report on Monday, May 8th. Rosenblatt Securities reissued a “buy” rating and set a $175.00 price target on shares of Cboe Global Markets in a report on Thursday, April 6th. Oppenheimer boosted their price target on Cboe Global Markets from $147.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 12th. Finally, StockNews.com assumed coverage on Cboe Global Markets in a report on Thursday, May 18th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $143.00.
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.
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