Munich Reinsurance Co Stock Corp in Munich Increases Holdings in Cboe Global Markets, Inc. $CBOE

Munich Reinsurance Co Stock Corp in Munich boosted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 3,026.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,069 shares of the company’s stock after purchasing an additional 12,651 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Cboe Global Markets were worth $3,165,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Plan A Wealth LLC lifted its stake in shares of Cboe Global Markets by 4.4% during the second quarter. Plan A Wealth LLC now owns 2,935 shares of the company’s stock worth $712,000 after purchasing an additional 124 shares in the last quarter. Syon Capital LLC raised its holdings in shares of Cboe Global Markets by 9.8% during the 2nd quarter. Syon Capital LLC now owns 2,556 shares of the company’s stock valued at $620,000 after buying an additional 228 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Cboe Global Markets by 197.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 62,611 shares of the company’s stock valued at $15,529,000 after buying an additional 41,587 shares during the period. NEOS Investment Management LLC lifted its position in Cboe Global Markets by 10.7% during the 2nd quarter. NEOS Investment Management LLC now owns 16,331 shares of the company’s stock worth $3,963,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth approximately $51,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Trading Down 0.0%

CBOE opened at $298.38 on Friday. The stock has a market capitalization of $31.65 billion, a PE ratio of 153.80 and a beta of 0.61. The firm’s fifty day moving average price is $284.38 and its 200 day moving average price is $294.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen boosted their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Loop Capital set a $380.00 target price on Cboe Global Markets in a research note on Monday, August 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $315.30.

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.