Bank of New York Mellon Corp Has $140.85 Million Stake in Cboe Global Markets, Inc. $CBOE

Bank of New York Mellon Corp reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,135 shares of the company’s stock after selling 5,945 shares during the quarter. Bank of New York Mellon Corp owned 0.47% of Cboe Global Markets worth $140,854,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Sound Income Strategies LLC boosted its position in Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $26,000. NFSG Corp acquired a new stake in shares of Cboe Global Markets during the first quarter worth approximately $31,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $33,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CBOE shares. Loop Capital set a $347.00 price target on Cboe Global Markets in a report on Thursday, July 9th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Piper Sandler decreased their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $314.00.

Cboe Global Markets Price Performance

BATS CBOE opened at $273.41 on Monday. The stock has a fifty day moving average of $293.80 and a 200-day moving average of $288.19. The stock has a market capitalization of $29.00 billion, a P/E ratio of 140.93 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 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 released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter in the previous year, the company posted $2.50 earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

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.