Sumitomo Mitsui Trust Group Inc. Sells 18,077 Shares of Cboe Global Markets, Inc. $CBOE

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,447 shares of the company’s stock after selling 18,077 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Cboe Global Markets worth $63,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Cboe Global Markets in the third quarter valued at about $7,744,000. Profund Advisors LLC increased its position in Cboe Global Markets by 11.0% in the third quarter. Profund Advisors LLC now owns 1,011 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the period. ProShare Advisors LLC raised its holdings in Cboe Global Markets by 2.6% during the 3rd quarter. ProShare Advisors LLC now owns 22,583 shares of the company’s stock worth $6,217,000 after purchasing an additional 567 shares during the last quarter. Vise Technologies Inc. raised its holdings in Cboe Global Markets by 147.6% during the 3rd quarter. Vise Technologies Inc. now owns 4,527 shares of the company’s stock worth $1,246,000 after purchasing an additional 2,699 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in Cboe Global Markets by 6.0% during the 3rd quarter. Cidel Asset Management Inc. now owns 59,783 shares of the company’s stock worth $16,458,000 after purchasing an additional 3,366 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value 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. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBOE. The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Royal Bank Of Canada boosted their price target on shares of Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research note on Friday, October 30th. TD Cowen increased their price objective on shares of Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a report on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $363.00.

Cboe Global Markets Price Performance

BATS CBOE opened at $344.28 on Wednesday. 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 stock has a market cap of $36.52 billion, a price-to-earnings ratio of 177.46 and a beta of 0.61. The business has a 50 day simple moving average of $296.30 and a 200 day simple moving average of $292.65. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $712.20 million during the quarter, compared to analysts’ expectations of $705.22 million. During the same quarter in the prior year, the company earned $2.67 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has authorized a share repurchase plan on Thursday, October 22nd that allows the company to buy back $550 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

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

About Cboe Global Markets

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.