OMERS ADMINISTRATION Corp Purchases New Position in Cboe Global Markets, Inc. $CBOE

OMERS ADMINISTRATION Corp purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,425 shares of the company’s stock, valued at approximately $2,282,000.

Several other large investors have also recently added to or reduced their stakes in CBOE. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $26,000. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the 2nd quarter worth approximately $27,000. NFSG Corp bought a new stake in Cboe Global Markets during the 1st quarter worth approximately $31,000. Finally, Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the 2nd quarter valued at $31,000. 81.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Loop Capital set a $380.00 target price on Cboe Global Markets in a report on Monday, August 3rd. Piper Sandler lowered their target price on 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Up 1.1%

BATS:CBOE opened at $312.19 on Thursday. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 160.92 and a beta of 0.61. 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’s fifty day moving average price is $276.88 and its two-hundred day moving average price is $293.67. 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 earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period last year, the firm earned $2.46 EPS. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 annualized dividend and a yield of 1.1%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.