Cboe Global Markets, Inc. $CBOE Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Position

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Cboe Global Markets, Inc. (BATS:CBOE) by 365.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,241 shares of the company’s stock after purchasing an additional 57,498 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cboe Global Markets were worth $20,163,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $491,465,000. Jupiter Topco LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after buying an additional 51,784 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Cboe Global Markets by 10.1% in the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after buying an additional 68,742 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets 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 directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Stock Up 2.8%

Shares of CBOE stock opened at $315.00 on Wednesday. The stock’s 50 day simple moving average is $289.05 and its 200 day simple moving average is $293.85. 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 twelve month low of $227.15 and a twelve month high of $371.18. The company has a market capitalization of $33.41 billion, a price-to-earnings ratio of 162.37 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period in the previous year, the company earned $2.46 earnings per share. Cboe Global Markets’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is presently 98.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CBOE shares. Wells Fargo & Company increased their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Piper Sandler cut their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Barclays decreased their target price on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $321.91.

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.