Caisse de depot et placement du Quebec Invests $104.16 Million in Cboe Global Markets, Inc. $CBOE

Caisse de depot et placement du Quebec purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 429,206 shares of the company’s stock, valued at approximately $104,155,000. Caisse de depot et placement du Quebec owned 0.40% of Cboe Global Markets as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CBOE. BlackRock Inc. bought a new position in Cboe Global Markets in the 2nd quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $491,465,000. Norges Bank acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $354,578,000. Jupiter Topco LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $304,917,000. Finally, Legal & General Group Plc bought a new position in Cboe Global Markets in the second quarter valued at approximately $175,870,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. TD Cowen boosted their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Performance

BATS CBOE opened at $312.19 on Thursday. The firm’s fifty day moving average price is $276.88 and its two-hundred day moving average price is $293.67. The stock has a market cap of $33.11 billion, a PE ratio of 160.92 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. 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 (BATS:CBOE) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same period in the prior year, the business earned $2.46 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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.