DnB Asset Management AS Buys 2,650 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

DnB Asset Management AS lifted its stake in Cboe Global Markets, Inc. (BATS:CBOEGet Rating) by 16.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,015 shares of the company’s stock after acquiring an additional 2,650 shares during the period. DnB Asset Management AS’s holdings in Cboe Global Markets were worth $2,152,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Prospera Financial Services Inc bought a new stake in Cboe Global Markets during the first quarter valued at $43,000. Farmers & Merchants Investments Inc. grew its stake in shares of Cboe Global Markets by 645.5% in the first quarter. Farmers & Merchants Investments Inc. now owns 410 shares of the company’s stock worth $47,000 after purchasing an additional 355 shares during the last quarter. Quent Capital LLC bought a new stake in Cboe Global Markets during the 1st quarter valued at approximately $60,000. Destiny Wealth Partners LLC boosted its position in Cboe Global Markets by 50.7% during the 1st quarter. Destiny Wealth Partners LLC now owns 877 shares of the company’s stock valued at $100,000 after acquiring an additional 295 shares in the last quarter. Finally, Covestor Ltd boosted its position in Cboe Global Markets by 87.6% during the 1st quarter. Covestor Ltd now owns 874 shares of the company’s stock valued at $100,000 after acquiring an additional 408 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 1,182 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $124.28, for a total value of $146,898.96. Following the completion of the transaction, the executive vice president now owns 3,470 shares of the company’s stock, valued at approximately $431,251.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on CBOE shares. Credit Suisse Group dropped their price target on Cboe Global Markets from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, August 1st. Morgan Stanley upgraded shares of Cboe Global Markets to an “overweight” rating and boosted their target price for the company from $118.00 to $140.00 in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cboe Global Markets from $131.00 to $136.00 and gave the company a “buy” rating in a research note on Wednesday, July 13th. Rosenblatt Securities assumed coverage on shares of Cboe Global Markets in a research note on Wednesday, August 17th. They set a “buy” rating and a $153.00 target price for the company. Finally, TheStreet lowered shares of Cboe Global Markets from a “b+” rating to a “c+” rating in a research note on Friday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.00.

Cboe Global Markets Trading Down 1.1 %

BATS:CBOE opened at $118.07 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 60.86 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The business has a fifty day moving average price of $120.30 and a 200-day moving average price of $117.25.

Cboe Global Markets (BATS:CBOEGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.02). The company had revenue of $424.10 million during the quarter, compared to analysts’ expectations of $422.56 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the company earned $1.38 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, August 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets Company Profile

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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

See Also

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

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