Nomura Asset Management Co. Ltd. boosted its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,167 shares of the financial services provider’s stock after acquiring an additional 1,502 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cboe Global Markets were worth $2,757,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Cboe Global Markets by 10.8% during the 4th quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock valued at $1,007,804,000 after buying an additional 786,423 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Cboe Global Markets by 3.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,520,000 shares of the financial services provider’s stock valued at $563,147,000 after buying an additional 130,300 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Cboe Global Markets by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,597,647 shares of the financial services provider’s stock valued at $199,050,000 after buying an additional 87,229 shares in the last quarter. American Century Companies Inc. grew its holdings in Cboe Global Markets by 19.2% during the 1st quarter. American Century Companies Inc. now owns 1,496,855 shares of the financial services provider’s stock valued at $170,791,000 after buying an additional 241,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Cboe Global Markets by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 1,359,149 shares of the financial services provider’s stock valued at $169,034,000 after buying an additional 118,812 shares in the last quarter. Institutional investors own 82.52% of the company’s stock.
Cboe Global Markets opened at $105.60 on Wednesday, MarketBeat Ratings reports. Cboe Global Markets Inc has a fifty-two week low of $88.18 and a fifty-two week high of $138.54. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $11.80 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.59.
Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, May 4th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.11. Cboe Global Markets had a net margin of 18.82% and a return on equity of 15.06%. The firm had revenue of $328.50 million during the quarter, compared to analyst estimates of $313.78 million. During the same period last year, the firm posted $0.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 69.9% compared to the same quarter last year. analysts predict that Cboe Global Markets Inc will post 4.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, May 31st. Cboe Global Markets’s dividend payout ratio (DPR) is presently 31.58%.
Cboe Global Markets declared that its board has approved a stock repurchase program on Tuesday, February 27th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Cboe Global Markets in a report on Monday, April 9th. They set a “market perform” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of Cboe Global Markets from $110.00 to $108.00 and set a “hold” rating for the company in a report on Tuesday, February 13th. Deutsche Bank increased their price objective on shares of Cboe Global Markets from $128.00 to $129.00 and gave the company a “buy” rating in a report on Friday, April 6th. UBS Group reaffirmed a “neutral” rating and set a $127.00 price objective (up from $120.00) on shares of Cboe Global Markets in a report on Tuesday, March 6th. Finally, Zacks Investment Research lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $118.17.
In other news, COO Christopher R. Concannon acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 30th. The stock was bought at an average cost of $99.44 per share, with a total value of $994,400.00. Following the completion of the purchase, the chief operating officer now directly owns 152,526 shares of the company’s stock, valued at $15,167,185.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brian N. Schell sold 5,000 shares of Cboe Global Markets stock in a transaction on Friday, May 18th. The stock was sold at an average price of $108.30, for a total transaction of $541,500.00. Following the transaction, the vice president now directly owns 50,541 shares of the company’s stock, valued at $5,473,590.30. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.
Cboe Global Markets Company Profile
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
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