Bank of New York Mellon Corp Sells 5,945 Shares of Cboe Global Markets, Inc. $CBOE

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Cboe Global Markets during the 4th quarter worth about $354,578,000. Balyasny Asset Management L.P. grew its holdings in Cboe Global Markets by 1,340.0% during the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after purchasing an additional 635,199 shares in the last quarter. Marshall Wace LLP bought a new stake in Cboe Global Markets in the third quarter valued at approximately $107,052,000. Finally, Amundi raised its holdings in Cboe Global Markets by 47.9% in the fourth quarter. Amundi now owns 981,720 shares of the company’s stock worth $246,412,000 after purchasing an additional 317,941 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $273.41 on Monday. The firm has a market cap of $29.00 billion, a P/E ratio of 140.93 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month 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. The firm’s 50 day moving average price is $293.80 and its two-hundred day moving average price is $288.19.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. 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 prior year, the firm earned $2.50 earnings per share. The firm’s revenue was up 29.0% compared to the same quarter last year. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CBOE shares. UBS Group lifted their price target 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 reaffirmed an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Barclays decreased their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $314.00.

Insider Transactions at Cboe Global Markets

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

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.