Daiichi Life Insurance Co. Ltd. Buys New Shares in Cboe Global Markets, Inc. $CBOE

Daiichi Life Insurance Co. Ltd. acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,467 shares of the company’s stock, valued at approximately $8,607,000.

Other large investors have also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $26,000. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the second quarter worth approximately $27,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets in the first quarter worth $31,000. Finally, Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $31,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $300.74 on Friday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $274.55 and its 200 day moving average is $292.66. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 155.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates 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 was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm 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. The ex-dividend date is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s payout ratio is 98.97%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBOE. Morgan Stanley restated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research 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 research note on Wednesday, July 15th. Finally, UBS Group increased their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Three 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $315.30.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were 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 $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 insiders.

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.