JPMorgan Chase & Co. Grows Stake in Cboe Global Markets, Inc. $CBOE

JPMorgan Chase & Co. lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 357,333 shares of the company’s stock after acquiring an additional 61,892 shares during the period. JPMorgan Chase & Co. owned 0.34% of Cboe Global Markets worth $87,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its position in shares of Cboe Global Markets by 1.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 11,411 shares of the company’s stock valued at $2,799,000 after buying an additional 139 shares during the last quarter. Prana Capital Management LP purchased a new stake in Cboe Global Markets in the third quarter valued at $640,000. CIBC Bancorp USA Inc. acquired a new position in Cboe Global Markets in the third quarter valued at $3,540,000. Achmea Investment Management B.V. boosted its stake in Cboe Global Markets by 5.5% in the third quarter. Achmea Investment Management B.V. now owns 9,970 shares of the company’s stock valued at $2,445,000 after acquiring an additional 518 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Cboe Global Markets by 16.8% during the third quarter. Coldstream Capital Management Inc. now owns 1,911 shares of the company’s stock worth $469,000 after purchasing an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Loop Capital set a $317.00 target price on Cboe Global Markets in a research report on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. UBS Group restated a “neutral” rating and set a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Morgan Stanley lifted their price target on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Finally, Piper Sandler increased their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $279.00.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 248 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares of the company’s stock, valued at $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,695 shares of company stock worth $1,628,981 over the last 90 days. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $292.89 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. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $305.68. The firm has a 50-day simple moving average of $279.37 and a 200-day simple moving average of $257.83. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 150.98 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.13. The firm had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Cboe Global Markets’s dividend payout ratio is 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.