Fifth Third Bancorp Buys 31,881 Shares of Cboe Global Markets, Inc. $CBOE

Fifth Third Bancorp raised its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 952.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,230 shares of the company’s stock after buying an additional 31,881 shares during the quarter. Fifth Third Bancorp’s holdings in Cboe Global Markets were worth $9,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in Cboe Global Markets by 0.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after acquiring an additional 33 shares in the last quarter. Kendall Capital Management lifted its stake in Cboe Global Markets by 0.5% in the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after purchasing an additional 40 shares in the last quarter. SHUTTLEWORTH & Co lifted its stake in Cboe Global Markets by 0.5% in the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after purchasing an additional 41 shares in the last quarter. Norinchukin Bank The boosted its holdings in Cboe Global Markets by 0.7% in the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after purchasing an additional 42 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after purchasing an additional 44 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $277.11 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $29.39 billion, a PE ratio of 142.84 and a beta of 0.61. The firm has a fifty day simple moving average of $296.52 and a two-hundred day simple moving average of $287.91. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 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 29.0% compared to the same quarter last year. During the same period last year, the firm earned $2.50 earnings per share. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was 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 $4,944,148.63. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. TD Cowen boosted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. UBS Group upped their target price on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $314.00.

Cboe Global Markets Profile

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.