BNP Paribas Financial Markets Boosts Position in Cboe Global Markets, Inc. $CBOE

BNP Paribas Financial Markets increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 60.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,250 shares of the company’s stock after buying an additional 93,761 shares during the period. BNP Paribas Financial Markets owned 0.24% of Cboe Global Markets worth $62,311,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new position in shares of Cboe Global Markets in the 3rd quarter worth approximately $4,156,000. Andra AP fonden grew its position in shares of Cboe Global Markets by 7.9% in the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after buying an additional 9,100 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Cboe Global Markets by 33.5% in the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after buying an additional 237,887 shares during the last quarter. First Trust Advisors LP grew its position in shares of Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its position in shares of Cboe Global Markets by 263.3% in the 3rd quarter. HighPoint Advisor Group LLC now owns 7,131 shares of the company’s stock worth $1,749,000 after buying an additional 5,168 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 8.4%

CBOE stock opened at $275.59 on Wednesday. The firm has a 50 day moving average of $316.37 and a 200 day moving average of $285.31. The stock has a market capitalization of $29.23 billion, a PE ratio of 142.06 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 52 week low of $218.14 and a 52 week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period last year, the business earned $2.50 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Erste Group Bank assumed coverage on shares of Cboe Global Markets in a research report on Tuesday, May 12th. They issued a “buy” rating on the stock. Barclays lifted their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. UBS Group lifted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley lifted their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Finally, TD Cowen lifted their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $322.60.

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.