The Manufacturers Life Insurance Company Invests $50.16 Million in Cboe Global Markets, Inc. $CBOE

The Manufacturers Life Insurance Company acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 206,700 shares of the company’s stock, valued at approximately $50,159,000.

A number of other hedge funds also recently made changes to their positions in CBOE. BlackRock Inc. purchased a new position in Cboe Global Markets in the second quarter worth $2,474,799,000. Deutsche Bank AG bought a new stake in Cboe Global Markets during the second quarter worth about $491,465,000. Norges Bank bought a new stake in Cboe Global Markets during the fourth quarter worth about $354,578,000. Balyasny Asset Management L.P. boosted its holdings in shares of Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after purchasing an additional 697,600 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after purchasing an additional 635,199 shares in the last quarter. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CBOE shares. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Finally, 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 note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $315.30.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 937 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% 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 owned by corporate insiders.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $312.19 on Thursday. The firm has a fifty day simple moving average of $276.88 and a two-hundred day simple moving average of $293.67. 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 twelve month low of $227.15 and a twelve month high of $371.18. The company has a market capitalization of $33.11 billion, a PE ratio of 160.92 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 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 24.6% compared to the same quarter last year. During the same period last year, the firm earned $2.46 earnings per share. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.86 per share. The ex-dividend date is Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.