Pictet Asset Management SA Has $5.92 Million Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Pictet Asset Management SA reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOEGet Rating) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,273 shares of the company’s stock after selling 4,159 shares during the quarter. Pictet Asset Management SA’s holdings in Cboe Global Markets were worth $5,917,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Parnassus Investments LLC increased its holdings in Cboe Global Markets by 25.7% in the 2nd quarter. Parnassus Investments LLC now owns 2,477,331 shares of the company’s stock valued at $280,409,000 after buying an additional 505,941 shares during the period. Cooke & Bieler LP acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $40,465,000. Vaughan Nelson Investment Management L.P. bought a new position in Cboe Global Markets in the second quarter valued at approximately $36,998,000. Scout Investments Inc. raised its position in Cboe Global Markets by 66.0% during the second quarter. Scout Investments Inc. now owns 652,165 shares of the company’s stock valued at $73,819,000 after purchasing an additional 259,312 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Cboe Global Markets by 207.9% during the first quarter. JPMorgan Chase & Co. now owns 379,530 shares of the company’s stock worth $43,425,000 after purchasing an additional 256,280 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Brian N. Schell sold 7,303 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $117.11, for a total transaction of $855,254.33. Following the sale, the chief financial officer now owns 11,170 shares of the company’s stock, valued at $1,308,118.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Catherine R. Clay sold 1,182 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $124.28, for a total transaction of $146,898.96. Following the transaction, the executive vice president now owns 3,470 shares in the company, valued at approximately $431,251.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian N. Schell sold 7,303 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $117.11, for a total transaction of $855,254.33. Following the completion of the sale, the chief financial officer now owns 11,170 shares of the company’s stock, valued at $1,308,118.70. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. The Goldman Sachs Group upgraded Cboe Global Markets from a “sell” rating to a “neutral” rating and lifted their price target for the company from $120.00 to $126.00 in a research note on Friday, September 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Cboe Global Markets from $148.00 to $141.00 and set a “buy” rating for the company in a research note on Tuesday, November 15th. Redburn Partners started coverage on shares of Cboe Global Markets in a research note on Monday, November 14th. They issued a “neutral” rating on the stock. Rosenblatt Securities upped their price objective on shares of Cboe Global Markets from $162.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday, November 7th. Finally, TheStreet upgraded shares of Cboe Global Markets from a “c+” rating to a “b” rating in a research report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $143.71.

Cboe Global Markets Stock Performance

BATS CBOE opened at $121.51 on Friday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 62.63 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The stock has a fifty day simple moving average of $120.94 and a 200 day simple moving average of $120.13.

Cboe Global Markets (BATS:CBOEGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.09. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $442.40 million during the quarter, compared to the consensus estimate of $441.61 million. During the same period last year, the company earned $1.45 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.50 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.65%. Cboe Global Markets’s dividend payout ratio is 98.97%.

About Cboe Global Markets

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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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