OP Asset Management Ltd Invests $3.07 Million in Cboe Global Markets, Inc. $CBOE

OP Asset Management Ltd purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,934 shares of the company’s stock, valued at approximately $3,073,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after purchasing an additional 120,021 shares during the last quarter. State Street Corp raised its stake in Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after buying an additional 101,349 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after acquiring an additional 65,108 shares in the last quarter. Morgan Stanley grew its stake in shares of Cboe Global Markets by 6.1% in the fourth quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after acquiring an additional 155,333 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Cboe Global Markets by 5.8% in the fourth quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock worth $484,749,000 after acquiring an additional 105,168 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 1.1%

Shares of BATS:CBOE opened at $242.21 on Friday. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 124.85 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. The stock’s 50-day simple moving average is $309.69 and its two-hundred day simple moving average is $287.08. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CBOE shares. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Loop Capital set a $263.00 price objective on shares of Cboe Global Markets in a research note on Monday, June 22nd. 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 report on Wednesday, April 15th. Barclays upped their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group increased their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $310.70.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

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. 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.