Plato Investment Management Ltd Buys New Stake in Cboe Global Markets, Inc. $CBOE

Plato Investment Management Ltd purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,514 shares of the company’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBOE. Global Retirement Partners LLC acquired a new position in Cboe Global Markets in the second quarter valued at $4,627,000. Bank of New York Mellon Corp purchased a new position in shares of Cboe Global Markets during the second quarter worth about $117,351,000. Centric Wealth Management acquired a new stake in shares of Cboe Global Markets during the second quarter worth about $409,000. State of Wyoming acquired a new stake in shares of Cboe Global Markets during the second quarter worth about $53,000. Finally, Avalon Trust Co purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $40,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Janet P. Froetscher sold 937 shares of the business’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 transaction, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $290.99 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The firm has a 50-day simple moving average of $274.88 and a 200-day simple moving average of $292.29. The company has a market capitalization of $30.86 billion, a price-to-earnings ratio of 150.00 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.86 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

CBOE has been the subject of a number of research analyst reports. Loop Capital set a $380.00 target price on Cboe Global Markets in a research report on Monday, August 3rd. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley reiterated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Piper Sandler decreased 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. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets presently 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.