Northwestern Mutual Wealth Management Co. Buys 635,199 Shares of Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2,425.2% in the 4th quarter, Holdings Channel reports. The fund owned 661,391 shares of the company’s stock after acquiring an additional 635,199 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $166,009,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after acquiring an additional 120,021 shares in the last quarter. State Street Corp increased its position in shares of Cboe Global Markets by 2.1% during the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after acquiring an additional 101,349 shares in the last quarter. Invesco Ltd. increased its position in shares of Cboe Global Markets by 5.7% during the third quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock worth $447,852,000 after acquiring an additional 98,089 shares in the last quarter. First Trust Advisors LP increased its position in shares of Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after acquiring an additional 991,209 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Cboe Global Markets by 7.0% during the third quarter. Northern Trust Corp now owns 1,410,188 shares of the company’s stock worth $345,849,000 after acquiring an additional 91,726 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Activity

In other news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,695 shares of company stock valued at $1,628,981 over the last three months. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CBOE shares. Erste Group Bank started coverage on shares of Cboe Global Markets in a research report on Tuesday, May 12th. They set a “buy” rating for the company. Loop Capital set a $382.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 4th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Piper Sandler increased their price objective on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Up 1.2%

Cboe Global Markets stock opened at $363.02 on Friday. The company has a market cap of $38.50 billion, a P/E ratio of 187.12 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $217.85 and a 1-year high of $367.91. The company has a fifty day simple moving average of $303.68 and a 200 day simple moving average of $277.22. The company has a current ratio of 1.21, a quick 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, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 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 29.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 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.