Mirae Asset Global Investments Co. Ltd. Acquires 28,132 Shares of Cboe Global Markets, Inc. $CBOE

Mirae Asset Global Investments Co. Ltd. acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 28,132 shares of the company’s stock, valued at approximately $7,744,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $2,474,799,000. Deutsche Bank AG purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $491,465,000. Jupiter Topco LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cboe Global Markets by 5.5% during the second 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 purchasing an additional 51,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cboe Global Markets by 2.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after purchasing an additional 17,321 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $345.21 on Thursday. The company has a 50 day moving average price of $297.03 and a 200 day moving average price of $293.02. 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 has a market capitalization of $36.61 billion, a P/E ratio of 177.94 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its quarterly earnings data on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. During the same period in the prior year, the company earned $2.67 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase program on Thursday, October 22nd that allows the company to buy back $550 million in outstanding shares. This buyback authorization allows the company to purchase up to 1.6% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

Key Cboe Global Markets News

Here are the key news stories impacting Cboe Global Markets this week:

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CBOE shares. The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. Piper Sandler lowered their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada boosted their price target on Cboe Global Markets from $303.00 to $360.00 and gave the company a “sector perform” rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $363.00.

Check Out Our Latest Research Report on CBOE

About Cboe Global Markets

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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