Cboe Global Markets, Inc. $CBOE Stock: SBI Securities Co. Ltd. Raises Position

SBI Securities Co. Ltd. increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 10,523.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,887 shares of the company’s stock after acquiring an additional 4,841 shares during the period. SBI Securities Co. Ltd.’s holdings in Cboe Global Markets were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Oregon Public Employees Retirement Fund raised its position 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. Net Worth Advisory Group grew its stake in shares of Cboe Global Markets by 3.9% during the 3rd quarter. Net Worth Advisory Group now owns 906 shares of the company’s stock worth $251,000 after purchasing an additional 34 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Cboe Global Markets by 4.7% during the 1st quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock worth $254,000 after purchasing an additional 41 shares during the period. Centaurus Financial Inc. grew its stake in shares of Cboe Global Markets by 1.0% during the 1st quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock worth $1,138,000 after purchasing an additional 42 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of Cboe Global Markets by 19.6% during the 1st quarter. Root Financial Partners LLC now owns 281 shares of the company’s stock valued at $79,000 after purchasing an additional 46 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 3.9%

Shares of BATS CBOE opened at $340.42 on Friday. The company’s 50-day simple moving average is $291.19 and its 200-day simple moving average is $294.65. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The firm has a market cap of $36.11 billion, a price-to-earnings ratio of 175.48 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 (BATS:CBOE) last released its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the company earned $2.46 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Thursday, October 22nd that permits the company to buy back $550.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 1.6% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CBOE shares. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and set a $450.00 price target on shares of Cboe Global Markets in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Piper Sandler decreased their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $330.27.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the business’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 completion of the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Company 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.