Korea Investment CORP Makes New Investment in Cboe Global Markets, Inc. $CBOE

Korea Investment CORP acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,917 shares of the company’s stock, valued at approximately $6,047,000.

Several other institutional investors have also recently made changes to their positions in the business. EP Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $757,000. Callan Family Office LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth $542,000. Keating Financial Advisory Services Inc. bought a new stake in Cboe Global Markets during the second quarter valued at about $26,000. Caldwell Investment Management Ltd. purchased a new position in shares of Cboe Global Markets in the second quarter valued at about $26,674,000. Finally, Patron Partners LLC purchased a new position in shares of Cboe Global Markets in the second quarter valued at about $306,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $308.09 on Tuesday. 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 firm has a market cap of $32.68 billion, a PE ratio of 158.81 and a beta of 0.61. The firm’s 50 day simple moving average is $274.86 and its 200-day simple moving average is $293.14. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced 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 the consensus estimate of $716.61 million. During the same period in the previous year, the company posted $2.46 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Piper Sandler cut their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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 research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $315.30.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the business’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 transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 currently owned by insiders.

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.